Newspaper headlines: Soaring inflation and UK has the worst rate in G7

The Monetary Instances leads on the UK’s inflation fee rising above 10% in July for the primary time in 40 years. Shopper costs have been 10.1% larger than the earlier 12 months, exceeding expectations inflation would stay in single digits, the FT experiences. The paper writes the subsequent Conservative Get together chief will inherit an financial system that can “resemble the Nineteen Seventies period, when Britain was considered the ‘sickman of Europe'”.