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The Guardian - UK
The Guardian - UK
Business
Larry Elliott

Growing UK’s services-based economy was never going to be easy

Economy United Kingdom Rachel Reeves Interest Rates Inflation Bank of England
Man wearing t-shirt looks at humanoid robot which raises its arm
A robot designed to work in a bank in Shanghai, China. If Labour wants faster productivity growth then AI is going to be an important part of the mix. Photograph: China News Service/Getty

I’m due a haircut and in the past week received a message from my barber containing the news that the price will be 10% higher than the last time I went for a trim.

If I call in for a coffee on my way to work it will be a similar story. After recent price rises, I can expect to pay the thick end of £4 for a flat white.

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