Chancellor Rachel Reeves will present the Office for Budget Responsibility's Spring Forecast today, which economists expect to show the UK meeting fiscal targets and inflation declining toward goal. However, Middle East tensions have driven oil prices up 7% and liquefied natural gas prices up 40%, threatening to reignite inflation and cost-of-living pressures in Britain.
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Chancellor Rachel Reeves will present the Office for Budget Responsibility's Spring Forecast today, which economists expect to show the UK meeting fiscal targets and inflation declining toward goal. However, Middle East tensions have driven oil prices up 7% and liquefied natural gas prices up 40%, threatening to reignite inflation and cost-of-living pressures in Britain.