Iran war drives UK inflation to 3.3%

The latest figures from the Office for National Statistics show the first significant economic impact of the Iran war on the British economy.

Petrol and diesel prices at the pump saw their largest monthly increase in over three years as global energy supplies remained constrained.

Economists suggest the rising inflation rate makes a near-term interest rate cut by the Bank of England highly unlikely.

The government is now facing increased pressure to provide further support for households struggling with the cost of living.