UK inflation jumps to 3.5% on rising motor fuels costs; UK approves Jackdaw gasfield – business live
UK consumer price inflation climbed to 3.5% in the latest month, driven primarily by the sharpest rise in petrol and diesel prices in four years. The increase pushes overall inflation above the Bank of England's target. In parallel, the government gave the green light for the Jackdaw offshore gasfield project, aiming to boost domestic energy supply.