Recession risks return as Brits brace for cost of living crisis to make 2023 a ‘bumpy ride’ January 20, 2023 UK consumer confidence dipped for the first time in two months in January, raising the risk the economy will slip into recession after all despite a string of better than expected data recently, a closely watched survey out today reveals. A credit card debt hangover from the Christmas spending splurge and energy bills looming has [...]
Fintech Pensionbee buzzes towards profits after reporting boost in savers January 19, 2023 London-listed fintech PensionBee has doubled down on its prediction of profits this year after reporting a boost in customers and revenues in 2022.
Andrew Bailey hints Bank of England is close to ending interest rate hike cycle January 19, 2023 Andrew Bailey has hinted that the Bank of England will stop hiking interest rates soon in an interview today. Speaking to Business Live, the governor of the Bank suggested market expectations of rates peaking at around 4.5 per cent is more in line with the central bank’s own thinking. Though Bailey, 63, said he is [...]
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 [...]
I might hate the beeping of induction, but in the stove climate wars I’ll turn the gas off January 19, 2023 Barry Johnston gives his take on the culture war pitting gas hobs against induction - and finds that it's time we think about what it means to make the switch, for the environment
A crypto scam nightmare January 19, 2023 People around the world are losing millions through a "pig butchering" scam - but it's got more to do with crypto than it does our porcine pals, writes Elena Siniscalco
City analysts betting on Bank of England interest rate cuts by early 2024 – as long as inflation falls quickly January 18, 2023 The Bank of England could cut interest rates as soon as early next year if inflation continues to tumble in 2023, top City analysts have predicted. The rate of price increases is forecast to more than halve which would bring inflation to below five per cent by the end of 2023, according to forecasts from [...]
Big Business needs to check its screen time and stop throwing money at trying to go viral January 18, 2023 A viral TikTok about Negroni Sbagliatos pushed up Lidl's prosecco sales, but the truly valuable viral videos are luck of the draw.
A miniscule bit of growth last November is unlikely to save us from a recession this year January 18, 2023 Whichever way you cut it, the UK is on the brink of a recession. A small boost in growth at the end of last year won't alleviate the cost-of-living crisis and inflation, writes Paul Ormerod
Brits’ take home pay still falling rapidly despite record wage rises January 17, 2023 Brits are suffering one of the sharpest hits to their take home pay despite businesses handing workers bumper pay prices, official figures out today reveal. Real pay tumbled 2.6 per cent over the three months to November, among the steepest drops seen outside the Covid-19 crisis, according to the Office for National Statistics (ONS). The [...]