CPI hit 2.5% in June, pushed in a large part by used car prices which rose the most on record in the UK in June.
The cost of previously-owned vehicles rose 4.4% in June, the most since records began in 1996, and contributed to an unexpected 2.5% increase in consumer prices, the Office for National Statistics said this morning. The ONS said consumers were paying more to avoid trains and buses.
The demand for used cars is driven by a shortage of new cars, as a result of car production delays for new vehicles caused by a shortage in semiconductors sending prices surging.
Tax Investigation Insurance
Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.
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Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.
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