Britain's inflation woes aren't going away

The OECD expects the UK economy to outperform the eurozone and grow by 1.4 per cent over the year. But there is a downside to the OECD’s latest figures: the body expects the UK’s inflation problem to persist, ending this year at 3.5 per cent, down just a touch from the 3.8 per cent measured by the ONS (Office for National Statistics) in July and August. It predicts that inflation will be 2.7 per cent at the end of 2026 – still a long away from the Bank of England’s two per cent target. Inflation in Britain is due to be markedly higher than in the eurozone, where the OECD expects inflation to end 2025 on 2.1 per cent and 2026 on 1.9 per cent. Among OECD countries, the UK is expected to have higher inflation than any, except Argentina (39.8 per cent), Turkey (33.5 per cent), Russia (8.5 per