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this is the business stories from around the world, and i will try and pronounce that correctly in a let's start with a stark warning from the governor of the bank of england. andrew bailey has warned the uk and many other countries are facing apocalyptic food prices, due to supply problems caused by the war in ukraine. bailey warned inflation could hit 10% by the autumn, well above the central bank's 2% target. uk inflation is currently at 7%, which is its highest level in 30 years. another sign of the rising cost of living was shown at petrol pumps yesterday, with one litre of dies...

On monday visited northern ireland to encourage parties to re—form a government. the democratic unionist party is refusing to enter the assembly because of the northern ireland protocol. it was designed to ensure free trade continued across the irish land border. joining me now is shane brennan, who's the chief executive of the cold chain federation, which represents businesses operating to and from northern ireland. thank you for being with us, talk to us about some of those day—to—day implications of the trade water that makes up part of that country. the northern ireland protocol has ...

Ainsley: everyone wants to have more money in their pocketbook. once we get to this point i will share the wealth and be nicer to everyone. i will tip better and let you use my beach house, you know? >> it's a very positive feeling. we feel good. i think there is a buzz in the air. i think there is a buzz which we have not seen in more than a decade. think about it. if you are 20-something. you don't remember really prosperous times. you don't remember walking down the street and seeing higher -- we want to hire people signs everywhere. you've not seen that before. this positive buzz and if th...

I'm one of these guys that say it's the republicans fault as well as the democrats. the international fuel tax that goes on trucks that drives my cost of doing business. fda tells suppliers i have to put in a clean room for peanuts to be separated from flour yet it comes on the same truck. all these little things that come in from the fda and usda and all the local regulations increase because federal regulations increase. we work on small margins. i don't know about your guests. my goal is 2% a year. it doesn't take much to pick that away. government as it grows, so does paperwork nightmare a...

Of delaying that in order to avoid low-cost competition. >> there are bias somewhere in the administration against lower cost, managed care delivery systems. >> reporter: one of the first parts of the law to be repealed was a provision forcing businesses to fill out another irs form. >> we saw the 1099 reporting requirement thrown out very quickly. was extremely onerous. >> reporter: it required businesses to fill out a separate irs form for any transaction with a single entity of $600 or more over the course of a year which they saw as a paperwork nightmare. >> extremely complicated, tons of ...