Economy 'surged higher' in March but risk to growth intensifies as firms raise prices

A rise in demand for leisure and entertainment activities last month helped the UK economy grow more than had been expected, according to a closely watched survey, as fears intensify that soaring inflation will apply the brakes.

The S&P Global/CIPS UK Services PMI, which measures the sector accounting for 80% of the country's economy bar retail, showed business activity rising at the fastest rate in 10 months.

The return of improved weather and end of COVID-19 restrictions provided a boost to workplace food outlets, cinema audiences and the like despite a rise in the cost of living that pushed inflation to a 30-year high in March.

Full story at Yahoo News.