Exclusive: Seven Dials Market boss says ‘Brexit means we are short-staffed for every shift, every day’ October 27, 2022 Brexit has “absolutely screwed” the food industry after it “ripped away” its labour source, according to the boss behind the West End’s popular Seven Dials Market. Businesses at the food and drink destination are facing staff shortages “for every single shift, every single day,” Simon Mitchell, who heads the street food market operator Kerb, exclusively [...]
It’s time to go back to basics and go about fixing our deficit before more tax cuts October 26, 2022 As inflation pushes prices further and further up, food has been getting more expensive for some time. But, as the cliche goes, there was never such a thing as a free lunch.
Premier Inn owner Whitbread swings to profit but warns of £60m inflation bill October 25, 2022 Premier Inn owner Whitbread is back in the black after posting a £307.4m profit before tax, in better than expected first half results. The interim results marked better fortunes for the hospitality operator, which last year posted a 19.3m loss. However, the firm said it had not seen its pub business return to pre-pandemic levels [...]
Range of 30 low-cost items increase in price by 17 per cent in last year – ONS October 25, 2022 A range of 30 every-day low-cost items have increased in price by 17 per cent in the last year, new figures have revealed. Data from the Office for National Statistics show a range of products went up considerably over the 12 months to September, as the cost of living continues to bite. Items including vegetable [...]
Political and economic uncertainty pushes retail footfall down by 2.3 per cent October 24, 2022 Political uncertainty and economic instability contributed to a dip in retail footfall, with high streets being hit the hardest. Across the UK as a whole, there was a marked decline in footfall for retailers by 2.3 per cent last week, New figures from Springboard show. The data shows in the three retail sectors, high streets, [...]
Investors pull record £27.9bn from UK funds amid political turmoil October 24, 2022 Investors pulled a record £27.9bn from UK funds last month as the disastrous mini-budget and political turmoil sent shockwaves through the markets, new data has revealed.
Google searches for inflation surge by 1000 per cent and overtake Coronavirus October 24, 2022 Google searches for inflation have now overtaken people concerned by Coronavirus. Between July and October of this year, searches for inflation have surged by more than 1000 per cent compared to last year. This comes as the UK, US and large parts of Europe are gripped by soaring energy and food prices due in part [...]
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 [...]
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 [...]
Retail sales volume fall to 1.3 per cent lower than pre-covid levels as cost of living bites October 21, 2022 Retail sales volumes have plummeted to 1.3 per cent lower than pre-coronavirus levels as rising prices and the cost of living continues to bite. Latest figures from the Office for National Statistics show sales volume on the high street were down by 1.4 per cent in September, though data was impacted by a bank holiday [...]