All Bar One owner Mitchells & Butlers has drop in sales amid ‘major challenges’ from inflation July 21, 2022 All Bar One owner Mitchells & Butlers continue to face a “major challenge” due to the impact of the pandemic and ongoing inflation rises. The retailer experienced a drop in sales by 1.6 per cent in the year to date, claiming a mixture of the Jubilee weekend, industrial action and hot weather saw people go [...]
Innovation can save our food system from climate threats July 21, 2022 ON TUESDAY, people in the UK experienced the hottest day on record. For those living in cities, there were sweltering commutes, walks through parched parks and a newfound gratitude for office air conditioning. Overnight rain broke some of the heat. But further afield, the National Farmers’ Union is warning of lower crop yields as a [...]
Martin Lewis warns government of ‘financial time bomb’ as cost of living crisis worsens July 20, 2022 Martin Lewis warned the government of a “financial time bomb” due to explode in September as the UK’s cost of living crisis intensifies. The founder of MoneySavingExpert.com issued an “open video letter” to the current Conservative Party leadership candidates and warned of even higher energy costs and civil unrest as the UK struggles with record [...]
Consumers turn to instant noodles in cost of living crunch, says Premier Foods boss July 20, 2022 Shoppers are increasingly turning to budget meals amid the cost of living crisis in the UK, the boss of consumer goods giant Premier Foods said today. The popularity of its instant ramen brands Nissin and Batchelors, which own Cup Noodle and Super Noodles respectively, in the second quarter of this year have jumped, as household [...]
Tax and spend? We can’t save public services without a unified tech policy July 20, 2022 There are numerous ways in which to judge a potential leadership candidate. Their sheer electoral appeal, their reputation within the party, their communication style and authenticity, their experience, or their policy agendas. Or often all of the above. In regards to the latter, the candidates are unsurprisingly fixated on the same old conventional arguments about [...]
It would be madness to arm the unions with acquiescence July 20, 2022 THE continuing rail disputes are understandable given that two years of on-off lockdown have disrupted normal pay settlement processes. But the railways have been massively subsidised by the taxpayer over this period, and cannot expect such largesse to continue. Revenue is down to less than 80 per cent of pre-Covid levels, and patterns of use [...]
Inflation expected to soar above eye-watering 40-year highs as cost of living onslaught deepens July 19, 2022 When official figures lay bare the extent of the mounting cost-of-living crisis on tomorrow morning, UK inflation is expected to soar even further above current eye-watering 40-year highs. The latest figures from the Office for National Statistics (ONS) will show Consumer Prices Index (CPI) inflation rose to at least 9.3 per cent in June, up [...]
Supermarket shoppers face £454 extra to yearly grocery bill as inflation bites July 19, 2022 Shoppers are now facing a £454 increase to their annual supermarket bills, with grocery price inflation edging towards the highest level since 2008. According to the latest numbers from Kantar, grocery price inflation now sits at 9.9 per cent for the past four weeks. This marks the second highest level of inflation seen since 2008, [...]
Rishi Sunak says tax cuts are a fairy tale, but he is chasing a Sleeping Beauty fantasy July 19, 2022 TIMES are tough. We need a bold plan to tackle the cost of living and get growth going. I have heard my friend Rishi Sunak argue that this is not the time to cut taxes, despite people facing the heaviest burden since the 1940s. With all due respect to the former chancellor, he is acting [...]
Tortilla Mexican Grill’s revenues shoot up by 60 per cent after snapping up rival but inflation and industry pressures bite July 18, 2022 A Mexican food giant experienced a big spike in revenue following a key acquisition and expansion across the UK. Tortilla Mexican Grill’s group revenue was up 60 per cent in the first half of 2022 compared to 2019. This comes after the firm bought out Chilango for £2.75m, taking on its eight sites across the [...]