Which?: Food prices climb a fifth in just two years May 21, 2022 Prices for some of the UK’s most loved grocery items have soared over the last two years, a new study has revealed. Supermarkets have hiked the price of 265 lines by more than a fifth, with Tesco raising the price of household favourtie Kellogg’s Crunchy Nut 21.4 per cent and Sainsbury’s lifting Warburtons’ four-seeded thin [...]
Johnson: Can’t ‘magic away’ cost of living problems but UK will draw on ‘fiscal firepower’ May 20, 2022 Boris Johnson has said the government will have to draw upon its “fiscal firepower” to get through the cost of living crisis, but there is no way he can “magic away” the problem. Speaking at a conference in Wales today, the prime minister said Britain will “get through” its current problems, marked by a 40-year [...]
Chancellor urged to cut household bills by £200 with ‘retrofit revolution’ May 20, 2022 A group of the UK’s most senior housing figures have called for a "retrofit revolution" to cut down household bills.
Over 60? Supermarket giant Iceland to fight cost-of-living crisis by giving older shoppers 10 per cent discount May 20, 2022 Frozen food chain Iceland is set to introduce a discount for seniors as Britons struggle with soaring prices. The supermarket chain has announced that, from May 24, customers aged over 60 will receive a 10 per cent discount on their groceries every Tuesday with no minimum spend. In order to redeem the discount, senior shoppers [...]
Brits’ optimism tumbles to new depths, below financial crisis and Covid-19 lockdowns May 20, 2022 Rampant inflation, tax hikes, swelling food and energy bills and the Russia-Ukraine war has sent Brits’ optimism to its lowest level ever, reveals a closely watched survey published today. UK households are now even more pessimistic than they were when the world was in the teeth of the global financial crisis in 2008 and during [...]
Policing minister and BRC say ignore call for ‘discretion’ prosecuting shoplifters May 19, 2022 The policing minister has urged officers not to let people off the hook if they steal food in order to feed their families amid a cost of living crisis. Kit Malthouse hit out at the “old-fashioned” thinking put forward by Andy Cooke, the new chief of HM Inspector of Constabulary, who said police should use [...]
Petrol retailers could face fines if they fail to pass on fuel duty cuts to consumers May 19, 2022 Petrol retailers could be fined if they fail to pass on fuel duty cuts to customers, warned the Competition and Markets Authority.
Social animals: Marston’s boss insists Brits’ thirst for the pub will not dry up despite historic inflation May 18, 2022 Brits will continue to be “social animals” at the pub, despite inflation hitting a 40-year high, the boss of Marston’s has said. “Having been locked up for two-three years, we are even more social animals,” Andrew Andrea insisted. The pub boss was optimistic that, despite increasing cost of living concerns, punters would continue to knock [...]
British factories’ costs climb at record pace in sign of even higher consumer prices to come May 18, 2022 Prices for materials used by British factories are rising at the quickest pace on record in a sign firms may be pushed to keep passing on costs to consumers, official figures published today revealed. The cost of buying components such as fuels used for the day to day running of manufacturing firms jumped 18.6 per [...]
High street bosses plead for crisis cash to help with dramatic energy bill hikes May 18, 2022 High street businesses have called for emergency help over skyrocketing energy bills, as bosses warn a cocktail of cost pressures threaten to subdue their pandemic recovery. Without government action, historic levels of inflation and dramatic energy bill rises pose a risk to the beauty sector’s recovery, the British Beauty Council has said. The industry group [...]