Budget knocks confidence to two-year low amid ‘deteriorating conditions’ Economics Households’ nerves about future finances has jumped to a two-year high, a top survey has indicated, with extra taxes expected to dampen activity in the UK economy. S&P Global researchers have said that Britons were more pessimistic about their financial health over the next twelve months than at any time since December 2023, with confidence [...]
Retail sales drop in pre-Budget disappointment Retail Retail sales fell 1.1 per cent in October, following a 0.7 per cent rise last month, in a “disappointing” start to the all-important festive season ahead of the budget next week. Sales in clothing were particularly affected as shoppers took a more cautious approach, with spending “constrained by consumer nervousness amid mixed messaging from a [...]
Budget chaos isn’t a game, it’s caused real harm Video It’s been the longest run-up to a Budget anyone can remember, it started just after the last Budget, so how much damage has this chaos caused? In her first speech as Chancellor in the first week of July last year, Rachel Reeves used the word stability 8 times. She pledged to “deliver economic stability” and [...]
FTSE 100 Live: Miners sink blue-chip index; CMA crackdown November 18, 2025 Good morning and welcome back to the City AM liveblog. We’re another day closer to the all-important Autumn Budget and the mood started on a sour note once more on Monday. The FTSE 100 struggled to slip out of the red ending the day on a loss of 0.24 per cent to 9,675.43p. Meanwhile, the [...]
Brits confidence in European economy outpaces UK as Budget fears grow November 11, 2025 Brits have admitted to having more confidence in the strength of the European and global economy than the UK as Budget fears consume the country. Fresh Barclays research has revealed Brits confidence in the European economy has ranked above the UK for the tenth consecutive month. Of the 2,000 surveyed, 22 per cent had faith [...]
Retail sales hit highest since 2022 in surprise boost for economy October 24, 2025 Retail sales jumped to their highest level since 2022 in September, boosted by sunny weather that drove a surge in demand for clothing. Fresh figures from the Office for National Statistics (ONS) showed retail sales were 0.9 per cent higher than the previous three months. Sales volumes climbed 0.5 per cent in September, a significant boost from [...]
Consumer confidence remains downbeat amid Budget wariness October 24, 2025 A small lift in consumer confidence over October has failed to take a leading index into positive territory amid fears that the upcoming Budget could damage personal finances. Labour has made boosting living standards a central mission in government while Chancellor Rachel Reeves has recently talked up plans to lower the cost of living for [...]
Cautious Brits plan to cut spending ahead of Golden Quarter October 17, 2025 Nearly three quarters of Brits plan to cut spending for the rest of 2025 as consumers continue to prioritise saving over splashing out. While consumer sentiment has remained flat at -5 over summer, inflation worries have been rising and nearly nine in ten Brits now report concerns, according to the latest Consumer Sentiment Survey from [...]
Meat and coffee prices drive grocery price inflation October 14, 2025 Grocery price inflation in the UK passed five per cent in September to its highest level since July after the cost of fresh meat and coffee jumped. Like-for-like grocery price inflation rose to 5.2 per cent over the four weeks to 5 October versus the same period last year, according to the latest figures from Worldpanel [...]
Brits earning over £100k worry more about money September 29, 2025 Six figure earners are more likely to worry about money than those on the average UK salary, according to fresh research. Eight in ten Brits who earn over £100,000 are worried about their finanical health, new research from fintech juggernaut Revolut has revealed. This came ahead of those on the national average between £35,001–£45,000 where [...]