Higher energy prices the ‘main driver’ of UK inflation

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Business columnist Terry McCrann says the “main driver” of inflation in United Kingdom is higher energy prices.

“Because energy is the fundamental input into everything,” Mr McCrann told Sky News host Peta Credlin.

“It’s into every production process, it’s into our lifestyles.”

The British Central Bank recently lifted interest rates by half a per cent, the country’s largest interest rate hike in 27 years.Read MoreThe Australian