Can online favourite Ocado make a comeback, or will its share price sink lower? March 28, 2023 Ocado’s share price fell nearly six per cent in afternoon trade as the “magic” of the online retailer’s venture with Marks and Spencer did little to buoy the confidence of investors In its start of year trading update Ocado revealed that retail revenue grew slightly by 3.4 per cent, although a 7.5 per cent decrease [...]
UK suffering worst living standards squeeze on record, OBR boss warns March 26, 2023 Brits’ spending power won’t recover to pre-pandemic levels for another half decade, the boss of the UK’s economic watchdog has warned. The UK is experiencing the “biggest squeeze on living standards we’ve faced in this country on record”, Office for Budget Responsibility (OBR) chairman Richard Hughes said today. His stark warning came after the regulator’s [...]
Cost of living crisis: Inflation sees Brits take a real-terms pay cut yet again March 14, 2023 British workers’ wages have been eroded by sky high inflation for the 15th month in a row despite them bagging bumper pay rises, official figures out today show. Real regular pay, which measures pay growth in cash terms minus inflation, fell on a monthly basis in January, according to the Office for National Statistics (ONS). [...]
Cost of living crisis: One in seven Brits have skipped meals because they cannot afford to eat March 7, 2023 One in seven people have skipped meals due to the rising cost of living, according to a survey. Almost one in 10 have prioritised meals for other family members above themselves and 4% have used a food bank, the Which? consumer insight tracker found. Some seven in 10 (72 per cent) have turned the heating [...]
Kop of living crisis: Soaring bills hit Liverpool’s bottom line February 28, 2023 It seems that even the world’s richest football clubs are not immune to the cost of living crisis after soaring bills put a dent in Liverpool’s profits. The Premier League club achieved record revenues of £594m last season but turned a pre-tax profit of just £7.5m following a steep rise in matchday overheads. The return [...]
Food shortages heap more pressure on struggling restaurants and cafes February 26, 2023 British restaurateurs have said shortages of fruits and vegetables are proving “very problematic” for business amid an already challenging period for the sector. “We’re experiencing mass shortages with the supply of fruit and vegetables. We are struggling to get avocado and berries in particular,” Philip Inzani, founder of Polo 24 Hour Bar, a cafe and [...]
Cost of living crisis forces Brits to abandon saving, with more than one in five taking on EXTRA debt February 22, 2023 The cost of living crisis is poised to force Brits to shun setting cash aside each month for a rainy day, official figures out today show. More than four in 10 of the population expect to save no money whatsoever over the next year, according to the Office for National Statistics (ONS). Inflation has raced [...]
Prepayment customers twice as likely to go into debt, new data reveals February 20, 2023 People with prepayment meters in their homes have been nearly twice as likely to dip into debt due to the cost of living crisis than others.
UK’s wealth gap: Cost of living crisis boosts income of richest Brits by £1k but leaves poorest £600 a year worse off January 25, 2023 The disparity between Britain’s richest and Britain’s poorest earners has grown as a result of the cost of living crisis and a freezing in the income tax threshold, figures have revealed. The richest Brits have managed to increase their household disposable income by just over £1,000 in the last year, while the poorest are on [...]
City Pub Group: Rail strikes cost us nearly £1m in lost sales January 24, 2023 The City Pub Group reported a boost in trading over the festive period, and said sales would have been stronger if it weren't for the rail strikes.