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cost of living crisis

  • Fortnum and Mason heralds ‘resurgence of shopping in real life’ as it sells 700k packets of posh biscuits

    January 11, 2024

    Fortnum & Mason sold over 700k packets of posh biscuits over Christmas, as shoppers traded up over the festive period. 

  • Sadiq Khan to claim ‘hard-line’ Brexit has cost the capital 300,000 jobs

    January 11, 2024

    Sadiq Khan is set to warn Brexit has hit London’s jobs market, claiming the capital has lost 300,000 jobs as a result of the departure from the EU

  • Tesco: Britain’s biggest supermarket raises profit guidance as shoppers trade up over Christmas

    January 11, 2024

    Britain’s biggest supermarket Tesco has upgraded its profit guidance for the year off the back of a strong Christmas performance. 

  • Junkyard Golf Club continues to create jobs despite cost-of-living crisis

    January 10, 2024

    Junkyard Golf Club continues to expand and create jobs despite rise in costs.

  • Shoe Zone thanks back-to-school shopping for near 20 per cent profit boost

    January 9, 2024

    High street retailer Shoe Zone thanked back to school shopping for a 19.1 per cent jump in profit before tax for the full year. 

  • London restaurant openings near pre-pandemic levels as wealthy eaters splash out

    January 8, 2024

    The number of new restaurants opening in London has almost returned to pre-pandemic levels, despite ongoing pressure placed on the industry. 

  • Revs to shut Liverpool bar and host of others as youngsters stop spending

    January 5, 2024

    Revolution Bars has said it will close down eight of its least profitable venues in response to young people scaling back nights out due to the cost of living crisis.  In a trading update, the nightlife operator blamed younger customers feeling the “disproportionate” effect of the cost-of-living crisis and the national living wage increase for [...]

  • More misery for London retail as footfall flatlines

    January 5, 2024

    London retailers took yet another battering over December as footfall fell -1.4 per cent on a year-to-year basis, according to new figures from the British Retail Consortium (BRC).   Festive cheer did not appear to be enough to drag shoppers back to the capital’s high streets, with the figure widening from -0.4 per cent the [...]

  • Cost of living crisis? Champagne sales in House of Lords reach highest level for five years

    January 2, 2024

    The cost is up slightly from the 2022 total, when 1,580 bottles were sold at a cost of £85,462.51.

  • Charlie Bigham on inflation, his success and why he doesn’t make ready meals

    December 30, 2023

    Bigham, now 56, started his food business over two decades ago, packing in a career as a management consultant for a taste of self-employment. 

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