Britain tipped for rising inflation and more poverty

Think-tank predicts that inflation will rise above 4% in the next few months 

Bank of England chief economist Andy Haldane: Britain is facing a 'dangerous moment'.

The British government should prepare for a jump in inflation this year that will eat into the UK’s household living standards and force more low-income families into poverty, according to British economic think-tank the Resolution Foundation.

UK inflation is on course to rise above 4% in the next few months as the economy opens up and consumers begin to spend some of the savings they have built up over the past 16 months, the think-tank said.