Volkswagen pays out €3,000 inflation bonus

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The UK is officially in a recession, and countries across the European Union are not far behind. Inflation in the UK is at a forty-year high of 11.1%, while Germany’s inflation rate hit 10.4% in October 2022, up 0.9% on the previous month. This is an all-time high since German reunification in 1990, and is closely linked with the high price of energy caused by the Russian invasion of Ukraine.

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