One of Britain’s biggest manufacturers of cakes says the foodstuff will soar in price.

Premier Foods, the manufacturer of Mr Kipling and some Cadbury’s cakes, has warned the cost of your favourite treat could rise shortly.

The UK food firm – which also owns renowned brands Bisto Gravy, Angel Delight and Loyd Grossman, has said it’s already liaising with British retailers about price rises.

The warnings come after it was revealed Brits could face a dairy shortage – with butter and cheese hit hardest – in the run-up to Christmas.

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