Grocery inflation stabilises, but Brits still concerned about shopping costs September 10, 2024 Grocery inflation has returned to its downward trend but nearly two thirds of Brits remain worried about the rising cost of their shopping, according to fresh data. Annual grocery price inflation in the four weeks to 1 September fell to 1.7 per cent, down from 1.8 per cent in the previous four-week period, according to [...]
State pension set to rise by £460 next year amid winter fuel debate September 10, 2024 This would mean that the state pension rises to around £11,962 next year from £11,502, an increase of almost £9 per week.
Ban Russian gas and buy American September 7, 2024 Russian liquefied natural gas continues to be shipped to Europe even though we have a readily available source from our ally across the Atlantic. For Europe’s energy security and to ensure the survival of Ukraine, it’s time to divest from Russian LNG, says Daniel Dalton Keir Starmer has promised “an improved and ambitious relationship” with [...]
Kopparberg significantly cuts UK loss despite sales dip for cider brand September 3, 2024 The UK arm of cider brand Kopparberg significant cut its pre-tax loss during its latest financial year. The Leeds-headquartered division has reported a loss of £244,919 for 2023, according to newly-filed accounts with Companies House. That comes after Kopparberg posted a pre-tax loss of £2m in 2022. The last time the division made a pre-tax [...]
UK retail sales ticked up in August in a summertime boost September 3, 2024 UK retail sales ticked up in August, according to fresh data, after consumer confidence was boosted by good weather.
How much could a UK bank windfall tax raise? August 29, 2024 The banking sector is considered an easy target for an energy-style windfall tax, with lenders enjoying record profits on the back of interest rate hikes from the Bank of England last year.
London risks Swiftly squandering Eras Tour boost to the economy August 28, 2024 Taylor Swift’s Wembley gigs showed just how good London’s nightlife can be, but it’s all under threat from Nimbyism and over-regulation, says Emma Revell I am a strong believer that one of the best ways to get to know someone is to see what niche topic they can speak about positively and passionately, uninterrupted, for [...]
Profit slumps by over £400m at Lloyds-owned car leasing firm August 27, 2024 Profit at the car leasing company owned by Lloyds Bank slumped by more than £400m during 2023, it has been revealed. Lex Autolease, which is headquartered in London, has posted a pre-tax profit of £124.4m for its latest financial year, according to newly-filed accounts with Companies House. The new total comes after the business posted [...]
Heineken’s biggest-ever price rises fail to stop slash in UK profit August 27, 2024 Heineken’s biggest-ever price rises in the UK failed to stop its profit being slashed during its latest financial year as it battled “economic volatility”. The Edinburgh-based division raised its prices in 2023 as it faced “significant inflationary pressure on input costs”, reducing consumer spending, higher labour costs and rising energy bills. According to newly-filed results, [...]
Labour should not be taking inspiration from Kamala Harris August 27, 2024 Labour has a long-standing love affair with the Democrats, but while the Vice President’s plans for price controls by any other name may be popular, but they are economically illiterate, says Eliot Wilson It is hard to believe that barely a month has passed since Joe Biden announced he would not seek re-election in November [...]