‘Anxiety is at its maximum level’: cost of living crisis hits UK businesses

Five bosses on how inflation has sparked worry, potential job layoffs and financial losses

• How are European countries tackling energy crisis?
• Why the price of basic food items is rising

The UK's cost of living crisis escalated in December, as inflation jumped to its highest level in almost 30 years at 5.4%.

The Bank of England expects the consumer prices index will climb to about 6% by April, and the International Monetary Fund warned inflation and Omicron will dent global growth in 2022.