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.
Ofgem: Regulator will review firms putting people on pre-payment metres, threatening legal action for lack of care January 23, 2023 Ofgem is to review the checks and balances energy firms have around placing customers on pre-payment meters.
Banks called on to extend pandemic era support to vulnerable customers as cost of living pressures mount January 22, 2023 British banks are being called on to extend support offered to customers during the pandemic as the cost of living crisis increasingly affects vulnerable customers. A new report from Fair4All Finance – a government-backed financial inclusion body – found that “unprecedented” support from banks significantly helped customers during Covid-19 with “no detrimental impact on bottom [...]
No gravy train: Bisto-maker Premier to cut 300 jobs despite strong festive sales January 19, 2023 Leading British manufacturer Premier Foods’ grocery business has gone from strength-to-strength over the Christmas period, as it looks to close a loss-making factory costing 300 jobs. The company, the maker or famous brands including Mr Kipling, Ambrosia, Custard and Angel Delight, cashed in on festive purchasing despite the cost of living crisis, with sales up [...]