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Editor, faisal islam. even before todays actual tax and spending decisions, the fate of the economy and of the finances of millions of households was repealed by rises in prices of fuel, food and electricity pushing inflation to a new 30 year high. the grim news from the governments economic forecaster, that this will be with us for some time. since the 1990s, inflation has generally stayed below 4% but hit 6.2% in the figures today. in the last forecast, the 0br recognised any prices would push...

Talk us through the numbers. the big picture is inflation and that is the story everyone is worried about. if you look at where it is now compared to where it was ten years ago, look at that chart, you can see that actually it has gone up to 6.2%, the highest for the last decade and in fact it is the highest it has been for 30 years but that says something about how low it has been. a lot of our viewers will remember in the 19805 our viewers will remember in the 1980s and 1970s when inflation wa...

National insurance by £3,000. but hes been accused of not doing enough in the spring statement to help the poorest households. people who receive benefits — including universal credit and state pension — will see their benefits rise by 3.1% in april, as part of the normal benefit uprating system. its meant to ensure benefits keep up with rising prices. but this week, the office for national statistics confirmed inflation hit 6.2% in february. and its expected to go as high as 8.7% later thi...

Government target of 2% inflation, and it is much higher than average wage increases, which remain below 4%. wage increases, which remain below li%. another nasty truth is that it will get worse. as we know, the average price of energy bills in april is going to come close to £2000, so expect inflation to potentially reach double digits in the coming months. so, yeah, as things stand, the latest figures for inflation at 6.2%. that adds a lot of pressure to the chancellor to put his money where ...

The cost of living. prices are rising at the fastest level in 30 years outstripping increases to wages and benefits. is there more pain to come, chancellor? and if you think youre really feeling a pinch right now, the message from the chancellor today that you may have seen nothing yet. statistics published this morning show inflation in february was 6.2%, lower than the us and broadly in line with the euro area. disruptions to global supply chains and energy markets combined with the economic r...

To deal with fluctuating global energy prices, so sometimes they earn more, sometimes they earn less as a result of it. overall, i think thatis as a result of it. overall, i think that is some of the reason why he chose not to take that move, which may potentially look popular in the short term, but not necessarily benefit the uk public in the longer term. ., ~ benefit the uk public in the longer term. . ,, i. benefit the uk public in the longer term. ., ~ ,, �* benefit the uk public in the lo...

Good afternoon. the chancellor, rishi sunak, has unveiled his spring statement in the house of commons. his update on the state of the countrys finances comes as the cost of living continues to soar — with figures released this morning showing prices rose by 6.2% in the 12 months to february — the fastest for 30 years. lets take a look at what was announced, starting with three immediate measures. )the chancellor announced help for motorists, with fuel duty cut by five pence per litre. the c...

Hitting when the cost of living crisis reaches its crescendo if you like. because we know inflation is 6.2%. set to rise close to 9% this year. and to be taking money out of peoples pockets at this time goes against the common sense, it goes against all of the economic evidence, and were the only major advanced economy that is taking money out of peoples pockets at a time when you got a cost of living increase like this. >> and thats in terms of the cost of national insurance contributions. >> n...

Is also on the short—list, with sevila coachjulen lopetegui and spanish coach luis enrique on it too. thats all the sport for now. more later. lets return to our top story. theres further pressure on the chancellor, rishi sunak, to tackle the soaring cost of living in his spring statement today — after new figures revealed a bigger—than—expected jump in inflation. lets take a closer look at the figures — heres our economics correspondent, andy verity. talk us through what is going on h...

Good afternoon. the chancellor rishi sunak has unveiled his spring statement in the house of commons. the update on the state of the countrys finances comes as the cost of living continues to soar — with figures released this morning showing prices rose by 6.2% in the 12 months to february — the fastest for 30 years. lets take a look at what was announced, starting with three immediate measures. the chancellor announced help for motorists, with fuel duty cut by 5p per litre. the cut will com...