There is one word on the tip of all investors’ tongues: inflation. 

Consumer costs peaked at a 30-year high of 5.5pc in January and the Bank of England has raised interest rates in a bid to stop them from spiralling out of control. However, surging energy prices mean that it could hit 8pc next month, the central bank has warned. 

Chancellor Rishi Sunak is under immense pressure to announce measures to ease the cost of living crisis in his Spring Statement on Wednesday. But investors may be wondering if any news could end up moving stock markets. Here are some shares that could bounce after Mr Sunak’s speech to the Commons. 

Tesco 

While Mr Sunak is expected to introduce new measures to help cushion the rising cost of living, inflationary pressures outside of the Government’s control could keep prices high. 

Rob Burgeman, of the wealth manager Brewin Dolphin, said supermarkets such as Tesco would be able to pass on rising costs to their customers. 

“Mr Sunak could set out new plans to help people with the cost of living, but surging oil and commodity prices are out of his control,” he said. “Companies like Tesco can still thrive in this environment, as consumers will keep shopping for the essentials.”