Business News

Inflation has hit its highest level in 40 years amid the deteriorating cost of living crisis.

Britain's biggest dairy producer has admitted the price of milk will continue to increase due to sky-high energy costs that have already risen by 200%.

Rishi Sunak has said the government's response to the cost of living crisis will "evolve" as the situation does - but failed to outline any immediate action.

The Dow Jones Industrial Average, an index of blue chip companies, was heading for its worst day since 2020 on Wednesday as investors panicked once more over rocketing inflation and a possible recession.

The entrepreneur who has grown Daisy Group into one of the UK's biggest communications services providers has swooped to acquire part of Sungard UK, the collapsed data management operator.

Inflation is on everybody's mind - whether that is in the UK, elsewhere in Europe or the United States.

There is no getting away from the shock of the headline figure here.

On the Ian King Business podcast we have the latest assessment about inflation - reaching a 40-year high - and ask if it'll get worse; there's also Planet Organic's CEO on the impact of rising costs on their prices; the chief executive of Zilch talks about expanding into the US; and discover why Legal & General is investing £4bn in the West Midlands.

The cost of living has become one of the major political focuses as bills rise and inflation soars, with households feeling the squeeze.

Prices increased over the past 12 months at the fastest rate in 40 years, putting pressure on already stretched household budgets.