UK inflation stays at 3% in February as petrol prices fall and food inflation eases, before Iran war drives up global energy costs
Rachel Reeves, the UK chancellor, has responded to the inflation figures.
In an uncertain world we have the right economic plan, taking a responsive and responsible approach to supporting working people in the national interest.
We’re taking £150 off energy bills [from measures in November’s budget] and providing targeted support for those facing higher heating oil costs. We’re also acting to protect people from unfair price rises if they occur, bring down food prices at the till, and cut red tape to boost long-term energy security — building a stronger, more secure economy.
On Tuesday, she ruled out universal support to deal with any future rise in energy bills, saying any government help would be targeted, and criticised the support offered by Liz Truss’s government as unaffordable and irresponsible.
