FTSE 100 and European stocks. European stock markets started Wednesday on the back foot amid news that the UK has highest core inflation in G7. In London, the FTSE 100 fell 0.2% a

The latest update from the Paris-based body sees risks ahead from energy prices, which could leap substantially again ahead of the coming winter, and rising interest rates.

Inflation in the UK is set to be the highest of any major developed economy this year, the Organisation for Economic Co-operation and Development (OECD) has warned.

The Paris-based OECD said that inflation in Britain will be higher than any of its other members, save for Argentina and Turkey