Published by Michele Maatouk on 11th March 2026
(Sharecast News) - UK inflation could end the year higher than previously expected at 3% because of the US-Israel war in Iran, the government's economics watchdog has said. David Miles, a senior figure at the Office for Budget Responsibility (OBR), said inflation could end the year a percentage point higher than expected before the war, because of the energy price shock triggered by the crisis in the Middle East. - Guardian