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Business & Finance

Burnham warns of ‘difficult decisions’ in budget as inflation rises to 3.1%

The Guardian Politics Wednesday 16 September 2026, 15:17 UTC By Richard Partington Senior economics correspondent 1 min read
Key Points

PM rejects claim he leads a ‘tax-and-spend’ government, as Bank of England prepares for interest rates decisionAndy Burnham has said “difficult decisions” will need to be taken in next month’s budget after a rise in energy prices triggered by the Iran war drove UK inflation above 3%.In a fresh blow for living standards amid the worsening damage to the global economy from the Middle East conflict, official figures showed soaring fuel prices pushed inflation from 2.9% in July to 3.1% in August.

PM rejects claim he leads a ‘tax-and-spend’ government, as Bank of England prepares for interest rates decision

Andy Burnham has said “difficult decisions” will need to be taken in next month’s budget after a rise in energy prices triggered by the Iran war drove UK inflation above 3%.

In a fresh blow for living standards amid the worsening damage to the global economy from the Middle East conflict, official figures showed soaring fuel prices pushed inflation from 2.9% in July to 3.1% in August.

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Burnham (PERSON) Bank of England (ORG) the Iran war (EVENT) UK (LOCATION) the Middle East (LOCATION)
Originally published by The Guardian Politics Read original →

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