Inflation nudges up – what can we expect from the economy this autumn?
This Is Why
Sky News
4.0 • 552 Ratings
🗓️ 14 August 2024
⏱️ 23 minutes
🧾️ Download transcript
Summary
Prices went up by 2.2% in the year until July – moving the rate above the Bank of England target of 2%.
Experts had expected an uptick as energy prices are falling by less than they did a year ago.
The increase doesn't seem to change hope for further interest rate cuts in the months to come – but what else can we expect from the economy this autumn as the new government continues to warn about the economic "challenges" it's inherited and as the chancellor prepares her first budget for late October?
Joining Niall Paterson is our business correspondent Paul Kelso and political correspondent Darren McCaffrey.
You can read more of Paul’s in-depth analysis on the Sky News website and app here.
Producer: Emma Rae Woodhouse
Editor: Paul Stanworth
Promotion Producer: David Chipakupaku
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Add water to your will. |
| 0:02.0 | And know that from that single drop, |
| 0:05.0 | life will grow. |
| 0:08.0 | Communities will flourish. |
| 0:10.0 | A better world will be left. |
| 0:13.0 | By leaving a gift in your will to Water Aid, |
| 0:16.0 | you'll help bring essential clean water to people who need it, |
| 0:20.0 | to change their own lives for generations |
| 0:22.4 | to come. Add Water Aid to your will. Search WaterAid legacy to find out how. You know that feeling |
| 0:30.7 | when your money is working for you? No. Well, make it. Open an investment account at XTB, |
| 0:36.2 | make your first deposit and receive a free Rolls-Royce stock. |
| 0:39.6 | Rolls-Royce. |
| 0:40.4 | That's right. |
| 0:41.2 | Own one of the best performing UK stocks this year for free. |
| 0:44.6 | And if you like it, you can easily buy more stocks and ETFs with 0% commission. |
| 0:49.7 | Join XTB and let your money work for you. |
| 0:52.6 | Your capital is at risk. |
| 0:53.7 | Investments above €100,000 are charged at 0.2% commission. |
| 0:57.0 | FX fees may apply. |
| 0:58.1 | Limited availability. |
| 0:59.1 | T's and Cs apply. |
| 1:00.3 | Hi, I'm Neil Patterson. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Sky News, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Sky News and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.