Rolling coverage of the latest economic and financial news
Middle East crisis live: US attacks Iran missile sites as Tehran negotiators hold talks in Qatar
Rachel Reeves tells ministers to ‘buy British’ in four key industries
Higher prices could persist over the summer even if ceasefire talks between the US and Iran bear fruit, consumers have been warned, with economic shock waves likely to be felt “for many months to come”.
Disruption to global shipping, coupled with soaring prices for energy and raw materials, have driven up costs for UK companies, with the impact already filtering through to prices paid at the tills, according to fresh inflation figures.
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