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Birmingham Post

Business

Hannah Baker

UK inflation: Government urged to help businesses amid cost of living crisis

United Kingdom Business West BCC Office for National Statistics Omicron

The Government is being urged to provide more financial support to businesses as the cost of living surges in the UK.

South West chamber of commerce Business West said firms were being hit with rising supply chain and wage inflation, soaring energy bills and higher taxes.

Inflation rose to 7% in the year to March - the highest rate since 1992 - driven by rising fuel prices and energy bills, according to the Office for National Statistics (ONS).

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