Britain's Inflation Soars to a Record 25%
GB's inflation rate has jumped to record annual rate of 25%, highest in Eur; announcement on retail price index, which rose 4.2% between Apr and May, largest monthly increase on record, represents blow to Govt of Prime Min Harold Wilson, who is under increasing pressure to curb inflation, and also serves to confirm general feeling in GB that Wilson's 'soc contract' with trade unions for voluntary wage restraint has virtually collapsed; chart of rates on inflation in GB and other Western countries