Liz Truss or Rishi Sunak face once in a century living standards crisis September 1, 2022 Liz Truss or Rishi Sunak are set to oversee the steepest fall in living standards in a century after one of them enters Number 10 next Monday, a fresh report published today reveals. Brits are on course to be £3,000 worse off by the end of 2024 as soaring energy bills and inflation eat into [...]
Labour shadow transport minister defies party and joins striking train workers July 27, 2022 Labour’s shadow minister for buses and local transport has defied Keir Starmer’s orders not to join picket lines for striking workers. Sam Tarry justified his decision speaking on Good Morning Britain this morning, saying: “If we don’t make a stand today, people’s lives could be lost.” This comes after Labour leader Sir Keir Starmer, who [...]
New car market ‘growing back and growing green’ with EV surge – but rate hikes peak concern July 5, 2023 Britain’s new car market recorded its 11th consecutive month of growth in June with registrations rising 25.8 per cent – but it might not be smooth driving in the near future. Just under one million new cars were registered in the first half of 2023, up 18.4 per cent on the previous 2022, according to [...]
Asda launches new and larger value range and kills off Smart Price in race to kickstart stalling growth March 29, 2022 Supermarket giant Asda, which was bought by the Issa brothers and backers TDR Capital last year, said this afternoon it will axe its Smart Price range and replace it with new Just Essentials by Asda products. In fact, Asda is launching a new and larger value range, amid the cost of living crisis, as the [...]
Soaring interest rates could spark five per cent London house price fall October 31, 2022 Soaring interest rates and a tough cost of living crisis could send London house prices on a downward spiral, new research published today warns. Home prices in the capital are on course to shed five per cent next year, driven by sellers dropping prices to attract buyers hit by an affordability crunch, according to property [...]
UK voters’ concerns on inflation reach highest level in four decades July 26, 2022 UK voter worries on inflation are at their highest since the 1980s as the country faces a severe cost of living crisis and prices of essentials surge. The July 2022 Ipsos Issues Index by research company Ipsos showed that 45 per cent of adults in the UK view inflation as one of the most pressing [...]
Natwest’s profits soar as high interest rates boost bank’s mortgage business April 29, 2022 Natwest today said its profits had almost doubled since the previous quarter, despite inflation, the cost-of-living crisis, and the war in Ukraine. The bank said it had generated £841m in profits in the first quarter of 2022, up 93.8 per cent compared to the £434m in profits Natwest posted in Q4 2021. The first quarter [...]
DIY giants Wickes posts growth in first half but cautious of softening sales and worrying outlook July 26, 2022 Home improvement giant Wickes registered strong sales for the first half of 2022, but has reined in its expectations for the second half due to economic uncertainty. The Northampton-based company had sales growth of 5.5 per cent in the first six months of this year, with progress in its score revenue and ‘Do It For [...]
Political and economic uncertainty pushes retail footfall down by 2.3 per cent October 24, 2022 Political uncertainty and economic instability contributed to a dip in retail footfall, with high streets being hit the hardest. Across the UK as a whole, there was a marked decline in footfall for retailers by 2.3 per cent last week, New figures from Springboard show. The data shows in the three retail sectors, high streets, [...]
Campaigners warn hiking rail fares could push people away from train travel December 21, 2022 Even a below inflation increase in rail fares could put people off travelling by train altogether, according to campaigners. Norman Baker, director of external affairs at advocacy group Campaign for Better Transport, told City A.M. that any increase to ticket prices will come “as a further blow to long-suffering passengers” after months “of cancellations and [...]