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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”


Unilever defends £50bn approach for GSK’s consumer healthcare arm

Consumer goods group Unilever has indicated that it will continue to pursue a mega-merger with the health products business of GlaxoSmithKline (GSK). GSK has already said that it is looking to divest the … Continue reading “Unilever defends £50bn approach for GSK’s consumer healthcare arm”


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”


£1bn support fund for businesses most impacted by Omicron

Businesses in the hospitality and leisure sectors in England will be eligible for one-off cash grants of up to £6,000 per premises, Chancellor Rishi Sunak has announced. At the same time, another £30m … Continue reading “£1bn support fund for businesses most impacted by Omicron”


UK tech sector sees record investment

The UK technology sector attracted a record £29.4bn in investment this year, according to new figures from the UK government’s Digital Economy Council. This is more than double last year’s investment of £11.5bn, … Continue reading “UK tech sector sees record investment”


Tui sees slowdown in winter bookings over Omicron fears

Holiday bookings for the next few months are slowing down after the emergence of the latest Covid-19 variant, says holiday group Tui. The company currently has 4.1 million bookings for its winter 2021/22 … Continue reading “Tui sees slowdown in winter bookings over Omicron fears”


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