UK inflation rises to 3.3%

The Office for National Statistics reported that the Consumer Prices Index rose from 3.0% in February, marking the first significant economic impact of the Middle East conflict on British households.

Chancellor Rachel Reeves warned that the crisis is pushing up bills for families and businesses, despite the UK not being a direct combatant.

Petrol and diesel prices at the pump have reached their highest levels in over a year, contributing to the broader inflationary pressure.

Economists suggest that if the conflict persists, the UK could face further job losses and a deeper squeeze on living standards.