Looming cost of living crisis pinches Brits’ confidence in finances October 12, 2021 The spectre of inflation is acutely impacing Brits’ confidence in the health of their finances. Nine in 10 households are worried about their finances, found research by Barclaycard. Brits across the country are facing a severe cost of living crisis caused by soaring energy prices, wider inflation and looming tax hikes, which is weighing down [...]
UK economy to return to anaemic growth as cost of living crisis spikes Brits November 30, 2021 A triple threat of a worsening cost of living crisis, higher interest rates and a pulling of government Covid-19 support will throw the UK economy back into an anaemic state, according to new research published today. Swelling energy bills and rising costs for basic necessities will cause households on tight budgets to rein in spending, [...]
As cost of living crisis rages, Extinction Rebellion plots to block oil refineries across the UK next month March 9, 2022 Extinction Rebellion has announced plans to block major UK oil refineries in April. The direct action group said it intends to “stop the harm at the source” as part of its campaign to force the Government to stop the fossil fuel economy. The protest group Just Stop Oil will also be blocking refineries across the [...]
From online to in-store: How retail is adapting to consumers August 3, 2024 The dual effects of the pandemic and the cost-of-living crisis, as well as the ever-improving technology on offer, have changed the way people shop and how retail adapts to customers.
Inflation figures may be good news for Sunak, but millions will still be left poorer November 15, 2023 The economy may cheer today's inflation figures, but the cost of living crisis is far from over for millions of Brits, writes Rocio Concha
What cost of living crisis? MPs give themselves a pay rise of nearly 3 per cent to £84,144 April 1, 2022 MPs’ salaries rise to £84,144 from today, up by 2.7 per cent, after the Independent Parliamentary Standards Authority (IPSA) announced last month that their pay would go up for the first time in two years. But it comes on the same day that the biggest jump in domestic energy bills in living memory has come [...]
Top economist says Bank of England’s failure to tackle inflation quickly will worsen cost-of-living crisis February 6, 2022 One of Britain’s top economists has accused the Bank of England’s of failing to act quickly enough to stop inflation from worsening the cost-of-living crisis. Gerard Lyons, a former economic advisor to both Gordon Brown and Boris Johnson, accused Bank of England Governor Andrew Bailey of failing to “nip inflation in the bud” and taking [...]
Bargain-loving Brits help drive profit at B&M with 45 new stores in the pipeline April 16, 2024 Value retailer B&M Bargains is expecting profits to come in at the top range of guidance, as demand for bargain goods continues to surge amid the cost of living crisis.
Mel Stride MP urges chancellor to slash taxes to ease cost of living crisis November 29, 2021 The chairman of an influential group of MPs that scrutinises the spending plans of the government has told Tory chancellor Rishi Sunak to slash taxes to ease the cost of living crisis looming over Brits. Speaking to the PA news agency, Conservative MP Mel Stride, who chairs the Treasury Committee, called on the chancellor to [...]
Greene King: Profit halves at pub giant before Euros despite extra Bank Holiday June 11, 2024 The cost of living crisis and no major international football tournament being staged in 2023 led to profit being slashed in half at pub giant Greene King, it has been revealed.