Household demand ‘soft enough’ to cut interest rates, Bank of England’s Dhingra says July 15, 2024 Swati Dhingra, widely seen as the most dovish member of the Monetary Policy Committee (MPC), said that "demand is soft enough" to prevent any resurgence in inflation even though wage pressures remain strong.
Brits spend £4.1bn drinking beer at home during cost of living and price of a pint crises July 4, 2023 Brits are staying at home and cracking open cold beers from the fridge, as twin cost of living and price of a pint crises change drinkers’ habits. New research out today show a 25 per cent surge in beer sales in supermarkets and shops outside local boozers, during the cost of living crisis. While the [...]
PM mulls tax hike U-turn as govt awaits Sue Gray’s report: ‘Boris would now do anything to survive’ January 28, 2022 While questions loom over the future of Boris Johnson’s premiership in light of an official inquiry into partygate allegations, the prime minister is reportedly wavering on controversial plans to raise national insurance. The PM is under pressure from some Tory MPs to scrap the tax hike to win back support as he awaits the findings [...]
ABI urges Chancellor to cut £7bn tax on insurance policies October 15, 2023 The Association of British Insurers (ABI) has called on Chancellor Jeremy Hunt to cut the tax levied on insurance premiums.
Debt charity calls for better support ahead of Autumn statement November 8, 2023 Debt charity Stepchange has called on the government to boost support for vulnerable households ahead of the Autumn statement as the cost of living crisis continues to crimp people's budgets.
London restaurant openings near pre-pandemic levels as wealthy eaters splash out January 8, 2024 The number of new restaurants opening in London has almost returned to pre-pandemic levels, despite ongoing pressure placed on the industry.
Forget saving for a mortgage, one in ten renters still rely on food banks March 13, 2024 Around a third of social renters and half of private renters were only in poverty after their housing costs were factored in, suggesting that they were pushed into poverty by the amount they have to spend on housing.
Thwaites defies ‘washout’ summer worries as beer sales soar June 19, 2024 Daniel Thwaites, the company behind Thwaites beer and hundreds of hospitality venues, has celebrated increased sales despite concerns over a "washout" summer.
Brits put recession fears aside to bowl strikes at ten-pin operator May 30, 2023 Hollywood Bowl reported record revenues of £110.2m in its half year results this morning, up 20.7 per cent on 2022 amid strong sales, and said it would continue to eye expanding its UK estate and leisure centres. However, the bowling operator reported a drop in its pre-tax profits to £26.7m for the six months to [...]
Big banks set for bumper annual profits as interest rates peak February 12, 2024 Britain's biggest banks are set to report strong annual profits over the next two weeks despite mounting margin pressure from a likely peak in interest rates.