UK Faces Economic Crisis as Inflation Surges and Labor Unrest Simmers

UK's inflation hit 10.1% in March, far higher than expected, signaling an ongoing cost-of-living crisis.
The Bank of England says people must accept a major drop in living standards as inflation is likely to remain high.
Energy and supply chain costs have fueled inflation, but wages are not keeping up, stirring labor unrest.
The central bank has raised rates multiple times but may need to tighten policy further, risking recession.
Public sector workers are protesting the government's decision to curb pay increases amid the rising costs.