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Brexiter James Dyson and his family moved up to second in the list after a £6.7 billion increase to £23 billion.

Stagflation reflects the "realities that Brexit has wrought", economist Adam Posen said.

This could include the watering down of money-laundering rules to attract ultra wealthy people from around the world, including unsavoury characters.

It comes as food prices for customers continue to rise amid a host of intensifying pressures on household budgets.

The figure had been expected to hit 6.7 per cent in the 12 months to March, but it actually rose to 7 per cent.

Lewis said the current situation is "the worst" he's experienced in more than twenty years on the job.

"It is a worsening of the situation. It is not the cause of the situation.”

Core homelessness is projected to reach 270,000 by 2024 as the cost-of-living crisis begins to bite.

"This is a crisis unfolding in front of our eyes – and we must act collectively now to save the British pig industry.”