Wave of cost of living concern sweeps across Britain January 5, 2022 A wave of concern over the soaring cost of living is sweeping across Britain, reveals fresh figures released today. Over half of households are worried the cost of living crisis will hit their living standards this year, according to research carried out by high street bank TSB. Nearly one in three Brits are concerned their [...]
Exclusive: The challenges and hurdles City finance chiefs will face in 2023 January 4, 2022 Firms across practically every industry in the UK are facing a bleak economic winter ahead, but where is that playing out and what hurdles do the incoming storm clouds bring in 2023? City firms will be turning to one senior figure to understand these issue and look to keep the ship afloat – the Chief [...]
PMI: UK factories hoist prices at fastest pace on record January 4, 2022 UK factories are hiking prices at the fastest pace on record as firms scramble to protect their margins amid a cost onslaught, reveals a closely watched survey released today. British manufacturers lifted prices at the quickest pace ever recorded by IHS Markit, the organisation that complies the purchasing managers’ index (PMI). Input price inflation hovered [...]
Brits face cost of living assault on all fronts in 2022 January 4, 2022 Brits are facing a cost of living crunch on all fronts in 2022, reveal fresh figures released today. Prices in shops accelerated 0.8 per cent in annually in December, just the second time prices have risen in over two years, according to the British Retail Consortium (BRC). The rise has been driven by food retailers [...]
SME crisis: Late payment of invoices and spiralling costs threaten survival of more than 400,000 small businesses January 3, 2022 Paying invoices too late is threating the survival of hundreds of thousands of small firms, a businesses group warned this morning. The Federation of Small Businesses (FSB) fears that late payments, high inflation and mounting administration for firms that trade internationally could see numbers shrink if something is not done about these issues. Of the [...]
Brits flocking to online retailers hoists UK spending above pre-pandemic levels December 31, 2021 Widespread take up of online shopping amid Covid-19 lockdowns has lifted consumer spending above pre-pandemic levels, reveal fresh figures released today. Brits spent 5.9 per cent more in 2021 compared to 2019, according to research from Barclaycard, which cover £1 in every £3 spent on debit and credit cards in the UK. The upbeat spending [...]
Best of 2021: Why UK airlines are at odds with Heathrow December 27, 2021 The Civil Aviation Authority (CAA) managed to upset both airlines and Heathrow on 16 December when it confirmed the interim price cap which will be implemented at the London hub from 1 January. From the current £19.60 the charges will go up to £29.50 in 2020 prices, amounting to £30.19 per passenger because of the [...]
Biscuit maker McVitie’s warns of price hikes December 20, 2021 McVities’ owner Pladis Global has said prices on popular household names could increase as much as five per cent. The company said it had experienced higher costs due to staff absences, increased ingredient costs and higher labour costs. Pladis’s UK managing director, David Murray, said: “Omicron disruption, absenteeism, and the rising cost of business going [...]
FTSE 100 lifts 0.13 per cent on better than expected November retail sales December 17, 2021 The FTSE 100 is up 0.21 per cent this morning after retail sales made a stronger than expected recovery in November.
UK bricks and mortar sales have stronger-than-expected November, but Omicron threatens festive figures December 17, 2021 Black Friday deals on toys, clothes and tech pushed UK retail sales up by a better-than-expected 1.4 per cent in November, as shoppers hit the high street for their early Christmas shopping, the Office for National Statistics said today. Last month’s UK retail sales figures were 4.7 per cent higher than a year earlier, the [...]