Inflation hits new 30-year high ahead of Sunak statement
The cost of living continued to soar last month, laying bare the challenge the chancellor faces ahead of his spring spending statement on Wednesday. Prices rose by 6.2% in the 12 months to February - the fastest for 30 years - as fuel, energy and food costs surged. Chancellor Rishi Sunak faces growing calls to offer more support as household budgets are squeezed. Prices are rising faster than wages and the Bank of England thinks it could hit double digits this year. There is speculat...
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