UK inflation expected to jump to 21-month high of 4%

Insolvency specialist Begbies Traynor has warned that higher wage bills and prospects for fewer interest rate cuts will keep company failures at high levels, as it revealed its own cost hit from the recent Budget (Alamy/PA) -

Inflation is expected to increase to its highest level for 21 months as more pressure piles on the Chancellor and the Bank of England.

Economists have predicted Consumer Prices Index (CPI) inflation will have hit 4% in September, when the Office for National Statistics reveals its latest data on Wednesday.