Inflation news - live: Update expected as public finance outlook 'still bleak'

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The outlook for government finances remains 'still quite bleak' despite improved forecasts from Britain's fiscal watchdog, economists told MPs ahead of an update day on inflation.

< p>The new figures are due on Wednesday morning.

A panel of experts has told Parliament's Treasury Committee that households face a " two-year standard of living pressure" due to rising energy bills and tax hikes.

The Office of Budget Responsibility (OBR) has further anticipated a