Britain’s annual inflation rate remained at 8.7% in May, while core inflation reached its highest rate in over 30 years. Rising costs continue to pressure household budgets, leading to industrial action and increased financial vulnerability.

New projections suggest the United Kingdom faces a prolonged period of economic strain, with household disposable incomes expected to decline until 2030.

The Consumer Prices Index remained unchanged in May, as cooling grocery costs were balanced by sharp hikes in transport prices. Experts are now monitoring the Bank of England's next interest rate decision amid energy price uncertainty.