"Data showing how much inflation rose by in February will be released on Wednesday, the same day as the Chancellor makes his Spring Budget Report to Parliament.

It is likely that inflation may have reached 6% last month as supply chains continue to creak and the price of energy continues to rise.

Globally, the era of low interest rates has ended, with only the ECB bucking the trend.

The Bank of England having hiked for a third consecutive meeting has sent out a message to the Chancellor that it has done all it can for now, although several observers will disagree, and it is time for the Government to wade into the cost-of-living crisis which could lead to a disaster.

Three rate hikes in a row would usually have had some effect on inflation, but these are far from certain times.

"

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