Business
What we now know about the UK economy in four charts
The Office for Budget Responsibility says higher energy prices will impact everything from prices and living standards to economic growth.
BBC Business•
The UK may have no involvement in the US-Iran war, but the country is feeling the full force of the conflict on its economy.
Soaring energy prices are set to dent growth in the short term, push up inflation and leave living standards in a "grim" place, according to the latest official forecast from the Office for Budget Responsibility (OBR).
Interest rates are also predicted to rise, making borrowing more expensive, along with government debt repayments.
The OBR now thinks inflation will stay higher for longer than previously forecast, peaking at 3.8% in 2027.