Brits slash spending in another sign of looming economic woe April 27, 2022 The worsening cost of living shock is prompting Brits to cut back on unnecessary purchases in a further sign the UK economy is headed for a period of worse than expected growth, reveals fresh figures published today. Households are shunning luxury items in response to their living standards suffering a heavy blow from the highest [...]
What big business and the City want from Labour and Tory election manifestos May 25, 2024 The UK’s top business groups are scrambling onto an election footing and preparing to lay out their manifesto demands as the Labour and Conservative election machines kick into gear.
Moving markets: Five things shaping the FTSE 100 today February 5, 2024 Asian markets dip while oil prices hold steady amid Gaza ceasefire talks. Attention is on the RBA policy decision, China inflation, PMIs, and U.S. CPI
‘Summer of discontent’ looms as THIRD rail union threatens to strike and plunge country into travel mayhem June 10, 2022 The country has been plunged into further travel mayhem with rail drivers union TSSA set to join the train alongside RMT and Aslef. The organisation served notice to ballot hundreds of staff for strike action at Avanti West Coast, over pay, conditions and job security. Transport and Salaried Staffs’ Association (TSSA) General Secretary Manuel Cortes [...]
Sheepish consumers deal blow to UK services economy August 3, 2022 Consumers cutting spending in response to a historic inflation surge has weighed on growth in the UK’s services economy, reveals a closely watched survey published today. Brits are being squeezed by soaring living costs eroding their incomes, prompting them to cut unnecessary spending to protect their finances. As a result, growth in the services industry [...]
Retail sales decline for longest stretch in eight years July 25, 2019 Retail sales have fallen for the longest period in eight years, new research has revealed, in the latest sign of gloom on the high street. Sales volumes fell for the third consecutive month in the year to July, marking the longest decline since 2011, according to the latest CBI monthly Distributive Trades Survey. Read more: [...]
Make do and mend: Britain’s wartime mentality is back as spending nosedives October 15, 2021 As the UK continues to battle Covid-19 and a series of fuel, energy and distribution crises, households appear to be battening down the hatches in preparation for a post-pandemic Britain. The once popular wartime mantra, ‘Make do and Mend’, is once again making a revival as household spending begins to fall significantly. ONS data analysed [...]
Retail footfall dips for first time since June as Brits shun high streets and shop online August 26, 2021 Retail footfall dipped for the first time in two months last week driven by Brits shunning high streets and continuing to shop online despite the lifting of Covid restrictions, according to new data released today. Figures published by the Office for National Statistics, and supplied by Springboard, show the volume of total retail footfall slid [...]
Hammerson completes retail park exit with £330m sale to Canadian private equity player April 21, 2021 Property giant Hammerson has confirmed that it has sold seven retail parks to private equity firm Brookfield in a £330m deal that completes the retail landlord’s exit from the struggling sector. The £330m price tag represents an eight per cent discount to the 31 December book value of £357m, and the deal concludes Hammerson’s disposal [...]
Primark to cut 400 jobs across the UK as part of overhaul of management team January 20, 2022 Primark owner Associated British Foods has reported a 16 per cent boost in group revenues for the 16 weeks up to 8 January 2022.