Economist: Worst Cost of Living Since 1950s

The squeeze on households tightened in March, as rapidly rising food and fuel prices sent inflation to another 30-year high, even before energy bills spiked. The Office for National Statistics said inflation rose 7 percent in the year to March, up from 6 percent in February. Economist and author Linda Yueh says the UK is heading for the worst cost-of-living crisis in 70 years.