Economics

U.K.’s Latest Inflation Shock Adds to Pressure on Sunak to Act

Chancellor set to help families hit by cost of living squeeze
Broad-based price increases across U.K. spread beyond energy

WATCH: Sunak has pledged to help the hardest-hit households as U.K. inflation reaches a 30-year high. Lizzie Burden reports.Source: Bloomberg

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By Philip Aldrick and Joe Mayes

March 23, 2022 at 7:04 AM UTC

Updated on

March 23, 2022 at 8:56 AM UTC

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Britain’s inflation rate surged to a new 30-year high of 6.2%, adding to pressure on Chancellor of the Exchequer Rishi Sunak to protect consumers from a tightening squeeze on living standards.