Utility bills and tax hikes drive inflation higher
Inflation was expected to rise, but the 3.5% jump was higher than most economists expected.
Joel leads all business and economics coverage and provides in-depth analysis of the latest business stories on the agenda, both in the UK and around the world.
Inflation was expected to rise, but the 3.5% jump was higher than most economists expected.
The government says a reduction in border checks and an agreement on the trading of carbon emissions will contribute to an extra £9 billion to the UK economy.
The UK economy grew by 0.7% between January and March but living standards, measured by GDP per head, is only 0.1% higher than when Labour came to power.