Households across the UK will be hit with the biggest rise in living costs of any major economy this year, forecasts claimed yesterday.
Inflation is tipped to average 6.9% as it takes longer to come down here than in any other G7 nation, according to the Organisation for Economic Cooperation and Development.
One reason is the impact of wholesale energy prices, because despite our North Sea oil and gas reserves the UK is still heavily reliant on imports.
