Sky News halted for Rachel Reeves breaking news as she shares ominous warning

normal scheduling was interrupted this morning for a breaking news bulletin. The channel's business and economics correspondent, Paul Kelso, revealed that than expected in March to 2.6%, according to the Office for National Statistics. However, while gas prices had come down, he warned that April would see those rates rise again thanks to US President Trump's new tariffs.

Paul reminded viewers that the figures were very much related to March and that April would most likely see that figure rise. Britons were told that this latest dip could be "the calm before the storm" of April price hikes. Consumer Prices Index (CPI) inflation rose to 2.6% in the 12 months to March, down from 2.8% in February, the Office for National Statistics (ONS) has said.

ONS chief economist Grant Fitzner said: "Inflation eased again in March, driven by a variety of factors including falling fuel prices and unchanged food costs compared with the price rises we saw this time last year. The only significant offset came from the price of clothes, which rose strongly this month, following the unusual decrease in February."

Average and prices dropped by 1.6p in March to 137.5p and 144.8p per litre, respectively, marking an overall drop of 5.3% in the year to March. Meanwhile, clothing and footwear prices rose by 1.1%, compared with a fall of 0.6% in the 12 months to February.

Today's figure marks the lowest reading since December and a steeper drop than predicted by economists, who had expected a reading of 2.7%. Chancellor said: "Inflation falling for two months in a row, wages growing faster than prices, and positive growth figures are encouraging signs that our plan for change is working, but there is more to be done."

She added: "I know many families are still struggling with the and this is an anxious time because of a changing world. That is why the Government has boosted pay for three million people by increasing the minimum wage, frozen fuel duty and begun rolling out free breakfast clubs in primary schools."

Economists view this as a temporary reprieve, with prices expected to pick up pace this year due to the Chancellor's Budget measures.

Robert Wood, chief UK economist at Pantheon Macroeconomics, said it would be "the calm before the storm of April price hikes, which should drive up headline inflation to 3.6%".

Harry Mills, director at added: "Crucially, these data are before the effects of April's tax rises and any tariff-related inflationary effects. So, whilst this is objectively good news for the , the government and the Bank of England, we can't look at this trend continuing lower with any degree of certainty given the inflationary headwinds we face."

Shared on X, viewers who missed the live bulletin were optimistic about the news. One user replied: "Aye, and I hope that means my shopping bill won't give me a heart attack next week. Let's see if it sticks or if it's just another flash in the pan!"