Record numbers of UK manufacturers raise prices as Ukraine war hits costs

CBI calls on Rishi Sunak to use spring statement to help firms facing high energy bills and other pressures

Record numbers of UK manufacturers are raising prices as the war in Ukraine gives an added twist to inflation, the latest snapshot of industry has shown.

Adding to fears that Britain is set for a prolonged period of cost-of-living pressures, the employers' lobby group, the CBI, said 82% of firms were expecting to raise prices in the coming months against just 2% predicting a fall.