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consumer spending

  • Caffyns: Car dealer hit by plummeting value of second-hand vehicles

    June 7, 2024

    Car dealers Caffyns has seen its pre-tax profit slashed after the value of second-hand vehicles fell significantly.

  • Retail sales plunge in ‘dull and wet’ April in fresh sign of fading optimism

    May 24, 2024

    According to the Office for National Statistics (ONS), retail sales fell 2.3 per cent in April, a much worse fall than predicted by economists.

  • UK a ‘nation of savers’ following surge in inflation, research shows

    May 17, 2024

    Since March 2021, prices have increased by 22 per cent in the UK with a peak annual inflation rate of 11.1 per cent in October 2022.

  • Swiftonomics strikes with Eras Tour set to spark £1bn spending binge

    May 15, 2024

    When the tickets were released last July, ticket sales sparked a 15.8 per cent increase in UK spending on entertainment.

  • Scotland set for weaker growth despite avoiding recession – but there is room for optimism

    May 2, 2024

    Scotland's economy is set for weaker growth despite avoiding entering a technical recession, according to KPMG.

  • ‘Green shoots of recovery’ emerge as FTSE profit warnings fall on last year

    April 29, 2024

    "Whilst the green shoots of recovery can be seen, companies cannot afford to ignore the warning signs and rely on economic resurgence," Jo Robinson, EY-Parthenon Partner and UK&I turnaround and restructuring strategy leader said.

  • Consumer confidence hits highest level in two years as UK ‘turns a corner’

    April 19, 2024

    "The revival in consumer confidence speaks to a wider story of an economy that has turned the corner," Ian Stewart said.

  • ‘We have a vision’: American Golf hails improvement despite challenging year

    April 17, 2024

    American Golf has hailed its improved financial performance despite facing "global and national factors" which negatively impacted how much customers wanted to spend and their confidence.

  • Cocoa prices set another new high leaving bitter taste for chocoholics

    March 26, 2024

    The cost of Easter eggs could increase again as bad harvests continue to dent global cocoa supplies, sending prices to a new all-time high.

  • Vinyl records and air fryers enter ‘inflation basket’ – but Guinness is on the way out

    March 11, 2024

    "The only problem is when you're grooving too hard to the excellent sound quality that your jiving makes the records go wonky," the person continued sheepishly.

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