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Britain’s Cost-of-Living Crisis Got Worse Before It Even Began

Poorer Britons are being squeezed by the impact of war in Ukraine — and millions of higher earners are set to feel the pain too.

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The U.K. was bracing for its biggest squeeze on living standards in decades even before Russia invaded Ukraine. The impact of the war is now threatening to deepen a crisis for the poorest households and pull millions more into financial trouble.