Rise in cost of living

Inflation has risen. The ONS says CPI is 3.5 per cent, up from 3.4 per cent in February. This is the first rise in inflation since September last year.

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'Inflation outlook should improve'

Graeme Leach, Chief Economist at the Institute of Directors, said: “The fall in inflation has screeched to a halt with the rise in headline consumer price inflation to 3.5 per cent and core inflation to 2.5 per cent.

"This probably puts the brake on any further expansion in quantitative easing in May, but the inflation outlook should still improve in the second half of the year."

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