A woman passes a bright red stock clearance sign advertising cut price goods overhead at a textiles market stall as living standards think tank Resolution Foundation warns that the UKs poorest households could be hit by a cost of living jump as high as 10% this year, a consequence of price hikes and increasing rates of inflation on 11th March, 2022 in Leeds, United Kingdom. With the economic fallout of Russias war in Ukraine felt around the globe, UK chancellor Rishi Sunak is under mounting pressure to find a way of lessening the impact ahead of the spring statement later this month.