The government is considering measures to shield consumers as the uncertain environment means prices can still rise dramatically
As consumers and businesses brace for even higher petrol prices and the government upgraded its inflation forecast, ministers said they are considering a suspension of the fuel levy to ease the impact of surging oil prices.
The price of Brent crude oil soared towards $140 a barrel in the wake of the Russian military aggression in Ukraine, which is approaching its third week, fuelling concern of a spike in inflation across the world...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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