UK Inflation Accelerates Amid War

Chancellor Rachel Reeves warned that the Middle East conflict is 'pushing up bills for families and businesses' as energy costs hit their highest levels in years.

The Office for National Statistics reported that the rise from 3.0% in February was primarily fueled by surging prices at the pump for both petrol and diesel.

Financial experts suggest that if oil prices remain elevated, the UK could face up to 150,000 job losses and a significant hit to average household budgets.

The inflationary pressure is also raising questions about the future of the state pension triple lock as economic volatility persists.