Economy NEWS

Brexit ‘causing extra costs and delays’ for UK firms

UK businesses have seen increased costs, paperwork and border delays as a result of Brexit, MPs have said. The European Union introduced full import controls at the end of the transition period on … Continue reading “Brexit ‘causing extra costs and delays’ for UK firms”


Worst of food price rises ‘yet to come’, warns Tesco boss

UK shoppers are likely to see a further rise in their grocery bills in the months ahead, according to Tesco chairman John Allan. Household budgets are coming under increasing pressure as prices rise … Continue reading “Worst of food price rises ‘yet to come’, warns Tesco boss”


Household grocery bills could rise by £180

The ongoing cost of living squeeze in the UK means that households could end up spending £180 more on their grocery shopping this year, a new report suggests. Figures from data, insights and … Continue reading “Household grocery bills could rise by £180”


Omicron and rising prices hit consumer-facing businesses in January

The UK is seeing a two-speed recovery from Covid-19, a new report suggests. Data compiled by IHS Markit and CIPS for the Purchasing Managers’ Index (PMI) shows that a further slowdown in the … Continue reading “Omicron and rising prices hit consumer-facing businesses in January”


UK inflation climbs to highest level for nearly 30 years

Consumer prices in the UK are rising at their fastest rate in almost three decades, according to the latest figures. Driven by soaring food costs and energy bills, inflation surged to 5.4% in … Continue reading “UK inflation climbs to highest level for nearly 30 years”


UK workers’ pay failing to keep up with cost of living

Employees in the UK are seeing their pay rises wiped out by surging inflation, official figures show. Growth in average total pay (including bonuses) in the three months to November 2021 was 4.2% … Continue reading “UK workers’ pay failing to keep up with cost of living”


Rising living costs squeeze UK households’ financial wellbeing

UK household finances took a hit in the fourth quarter of 2021, according to a new report. A quarterly index compiled by Scottish Widows shows the fastest fall in UK household financial wellbeing … Continue reading “Rising living costs squeeze UK households’ financial wellbeing”


Rolls-Royce sees record sales as consumers spend lockdown savings on luxuries

Luxury car maker Rolls-Royce has reported its best ever sales as consumers across the globe spend money accumulated during the pandemic on luxury goods. In 2021 the manufacturer delivered 5,586 cars to customers … Continue reading “Rolls-Royce sees record sales as consumers spend lockdown savings on luxuries”


Grocery shoppers made the most of Christmas festivities

UK shoppers splurged on Christmas treats this year, with a rise in spending on goods including mince pies, chocolates and sparkling wine. The latest figures from data company Kantar show that grocery sales … Continue reading “Grocery shoppers made the most of Christmas festivities”


UK economic growth in Q3 slower than first thought

The UK’s economic recovery slowed down by more than previously estimated between July and September, according to revised figures. The data from the Office for National Statistics (ONS) pre-dates the emergence of the … Continue reading “UK economic growth in Q3 slower than first thought”


Navigate Articles by Page ....

1 2 3 4 5 42