The Iran war is being felt in Britain’s economy. Figures just released by the Office for National Statistics (ONS) show inflation rose to 3.3 per cent in March – up from 3 per cent the month before. 

The rise was mainly driven by fuel prices, which jumped at their fastest rate in more than three years. Plane tickets and food prices shot up too as rising energy and input costs were felt across the raw materials that drive the economy. 

A Consumer Prices Index increase thanks to the oil price spike was expected but the trouble is these higher manufacturing input costs take time to feed through into the economy meaning this new bout of........

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