FTSE 100 Close: London finishes in red on fears of stubborn inflation August 31, 2023 London’s FTSE 100 was subdued today on fears of stubborn inflation keeping investors quiet, finishing in the red after being on one of its longest winning streaks in months. The capital’s premier blue-chip index finished 7,452.87, 0.28 per cent down, after spending all day in the green. By 2.30 it was at 7,488.29, about 0.2 [...]
Trust in supermarkets at 10-year low like ‘dark days of horsemeat scandal’ August 29, 2023 Trust in supermarkets has plunged to its lowest level in nearly a decade as consumers continue to worry about high prices, despite food inflation showing signs of easing. In August the grocery sector received a trust score of +30 -on a scale of -100 to +100 -from British shoppers, a new study by Which? revealed [...]
Food inflation cools but Russia’s exit from grain deal poses threat to prices August 29, 2023 Food inflation cooled once again in August, new figures out today show, in a sign that cost of living pressures in the UK are gradually starting to ease. Food inflation fell to 11.6 per cent in August, down from 14.3 per cent in July, according to fresh figures from the British Retail Consortium (BRC). However, [...]
Consumer confidence shows ‘renewed optimism’ against falling core inflation August 25, 2023 Consumer confidence is showing “renewed optimism” against a backdrop of falling core inflation, figures suggest. GfK’s long-running Consumer Confidence Index improved five points in August, with all measures reversing the drop seen in July, although it remains firmly in negative territory at minus 25. Confidence in the general economic situation for the next 12 months [...]
Just eight per cent of voters credit Sunak with falling inflation, poll finds August 21, 2023 Just eight per cent of voters believe the government can be given credit for the recent fall in inflation, polling by YouGov has revealed. Inflation dropped to 6.8 per cent last month, which Prime Minister Rishi Sunak claimed showed his plan was working. Sunak made five key pledges to the public in January, including vowing [...]
Crest Nicholson: ‘Persistently’ high inflation leads house builder to lower forecast for the year August 21, 2023 British house building company Crest Nicholson said it expects adjusted profit before tax for the full year to be around £50m down from previous expectations of £73.7m, after a challenging period for the sector bruised business activity. The Surrey based firm said “persistently” high inflation and rising interest rates worsened during the summer of this [...]
Rishi Sunak says we’ll feel better off next year – but is the PM right? August 18, 2023 Rishi Sunak has pledged Brits will all feel better off next year, as he said he “passionately believes” he can bring down inflation and ease the cost of living crisis. Speaking to the Times, the prime minister vowed to be disciplined on public spending and tax rates in a bid to revive the UK’s economic [...]
Sunak commits to triple lock hinting pensions could rise by eight per cent August 17, 2023 Rishi Sunak has signalled that state pensions could go up next year by almost eight per cent as he committed to maintaining the “triple lock”. Under the triple lock, the state pension is uprated in April by inflation, wages or 2.5 per cent, whichever is higher. Wage growth is currently the highest of the three [...]
Rishi Sunak: Brits will never have it so good (next year) despite ‘real risk’ of recession August 17, 2023 Rishi Sunak has outlined his hopes to ensure Britons feel better off next year, amid warnings that the UK economy faces a “very real risk” of recession due to higher interest rates. The Prime Minister attempted to strike an optimistic tone when asked about efforts to tame inflation, as he said there is a need [...]
How is Sunak doing on halving inflation, cutting NHS lists and stopping boats? August 16, 2023 In January, Rishi Sunak unveiled the vision for his government. Five pledges; five clear goals; five ambitions for his ministers. His aim was clear: be seen as an effective, solutions-focused administration and, hopefully, reap the electoral rewards. “No tricks, no ambiguity; we’re either delivering for you or we’re not,” he vowed. Eight months in, and [...]