Higher energy prices to weigh on UK living standards and growth, budget watchdog says
The UK's Office for Budget Responsibility expects rising energy costs to affect prices, household living standards and economic growth.
The Office for Budget Responsibility, the UK's independent fiscal watchdog, has said higher energy prices will affect a wide range of economic areas. The impact is expected to reach consumer prices, living standards and overall economic growth.
The current picture of the UK economy is set out in four charts, drawing on the watchdog's assessment.