Business News

The rate of inflation has taken a surprise leap, driven by a rising cost of alcoholic drinks in pubs and food - partly a consequence of the recent salad shortage.

Mozzarella, cornflakes and brie are some of the food products to have more than doubled in price in the last year, new analysis has found.

The surprise increase in inflation will give policymakers pause for thought.

Upmarket tonic maker Fever-Tree has revealed plans to raise prices as it continues to grapple with a surge in costs.

More than two-thirds of UK drivers fear a proposed easing of MOT rules will put their lives in danger, according to a poll for the car industry.

Delivery giant Just Eat has announced it is to axe 1,700 jobs as it ceases to employ its delivery riders and drivers.

Tesco is cutting the value of its Clubcard rewards scheme, with customers no longer able to get triple their value when they cash them in with scheme partners. 

The Premier League has offered a £30m-a-year sweetener to the rest of English football's professional pyramid in an attempt to thrash out a deal over the sport's future funding.

"Substantial" government spending on energy bills support has sent public borrowing to an all-time February record, according to official figures.

Chancellor Jeremy Hunt has backed the Bank of England to prioritise tackling inflation, despite concerns rapid increases in interest rates have contributed to recent volatility in the banking sector.