Brits cutting spending sends profit warnings soaring October 24, 2022 Brits cutting spending in response to the cost of living crunch has driven a sharp uptick in the number of businesses warning profits will fall short of expectations, a new report out today shows. Some 86 listed companies issued a profit warning in the three months to September, up from 51 over the same period [...]
Renewable revenue cap risks supply security and higher energy bills October 24, 2022 A cap on low carbon generator revenues jeopardises supply security and condemns customers to high energy bills, warns Energy UK.
Starmer slams ‘ridiculous, chaotic circus’ that is Tory leadership race October 23, 2022 Sir Keir Starmer has hit out at the “ridiculous, chaotic circus” that is the Conservative leadership race as he called again for a General Election. The Labour leader said Brits were “fed up to the back teeth” with the near constant pyschodrama gripping the Tory party as he warned of the worsening effects of the cost of [...]
Tesco raises price of meal deal due to soaring cost of food October 21, 2022 Tesco has raised the price of its well-liked lunchtime meal deal for the first time in a decade as the cost of food soars. The supermarket giant said its meal deal “continues to represent excellent value” but soaring food prices has forced it to up the cost. Inflation is currently at 10.1 per cent while [...]
Tesco pledges £1m for food banks and charities ahead of most difficult winter October 21, 2022 Tesco has put up £1m in support for food banks and charities following a desperate appeal about impending winter shortages. The supermarket giant responded to a plea from the Trussell Trust, who warned they are facing their most difficult winter to date. With the cost of living crisis eating into millions of people’s finances and [...]
ULEZ 2021 expansion brings additional £100m to TfL coffers October 21, 2022 Last year’s expansion of the ULEZ has brought an additional £100m into TfL’s coffers, according to a research published today. TfL data analysed by the RAC show that 1.9 million journeys were made into the ULEZ, following its expansion to encompass the North and South Circular roads in October 2021. It amounts to £93.6m of [...]
One in three UK households: Energy crisis risks dragging 26m Brits into fuel poverty October 20, 2022 The axing of the energy price guarantee from April next year could lead to almost 11m UK households falling into fuel poverty, campaigners have warned, which is about 26m people. It means more than one in three British households face the grim prospect of hardship: there are an estimated 28.1m households in the UK. The average household [...]
Spam sales up nearly 40 per cent at Waitrose as price hikes bite October 20, 2022 BRITAIN’S DISCOUNT retailers are set for a winter windfall – with even Waitrose shoppers turning to spam and fish heads as the cost of living crisis bites. The sales of both have risen more than a third at the high-end supermarket over the past year, the firm confirmed overnight. Analysts reckon budget grocers like Aldi [...]
Analysis: Keeping Triple Lock still requires £550k pension for ‘comfortable’ retirement October 19, 2022 Even if the State Pension was uprated in line with September’s inflation figure of 10.1 per cent, pension savers would still need to build up a pot of around £550,000 to ensure a comfortable standard of living in retirement, according to new figures shared with City A.M. this morning. The data comes amid the increased uncertainty over whether the [...]
Ditching the triple lock would be unpopular – and deeply worthwhile October 19, 2022 Liz Truss said she wanted to be unpopular. She’s certainly achieved that over the past few weeks, and to not much obvious benefit to either her party or the country. But if, as suggested, she takes aim at the triple lock on pensions we may finally be looking at an unpopular decision worth making. The [...]