epa10125762 Pedestrians walk past closed down retail stores on Oxford Street in central London, Britain 17 August 2022. UK inflation has hit 10.1 percent, a record 40 year high. The UK cost of living crisis is worsening as increasing food prices are driving up inflation. The Bank of England is warning of a recession with inflation forecast to exceed 13 percent by the end of 2022. EPA/ANDY RAIN