Lurpak row: ASDA says £6 butter with security tag is not UK-wide policy or related to cost of living crisis July 5, 2022 ASDA has said it does not have a UK-wide policy to put security tags on butter in relation to the cost of living crisis. The supermarket giant responded after a journalist shared an image on social media, showing a pack of Lurpak in one of its stores, costing £6, with a tag on. This comes [...]
Sainsbury’s boss has grim warning for Brits: The pressure on your budgets will only intensify July 5, 2022 The CEO of Sainsbury’s warned this morning that rising pressure on household budgets “will only intensify over the remainder of the year” as he pledged to invest more money into improving value for shoppers. Simon Roberts, chief executive of the supermarket group, said it is working to reduce costs across its operations amid continued inflation. [...]
Jacob Rees-Mogg says UK’s economic woes ‘very little to do with Brexit’ July 5, 2022 Jacob Rees-Mogg has insisted the UK’s economic woes are “very little to do with Brexit” with other European countries experience worse problems. The Brexit opportunities minister made his remarks this morning on LBC, when asked by host Andrew Marr whether the “effect of Brexit has been to raise barriers” on trade and movement. Rees-Mogg, who [...]
£330 pay boost for 30m Brits as National Insurance threshold will rise to £12,570 from tomorrow July 5, 2022 Millions of Brits will get a modest boost in their pay packets this month as they grapple with surging living costs, because – from tomorrow – the threshold at which people pay National Insurance (NI) will increase. The UK Government has previously said this will benefit nearly 30m working people with a typical employee saving [...]
Venues plead Chancellor to reduce tax burden as pubs and restaurants face ‘bleak summer’ July 4, 2022 Night time economy bosses have urged the Chancellor to slash VAT to 12.5 per cent in a bid to help businesses recover to their pre-Covid glory. Pleas for help from sector leaders followed reports last week that Downing Street was mulling reducing the headline rate temporarily to help UK households navigate the cost of living [...]
Recruitment guru Paul Farrer warns employers half of all Brits are currently looking for a new job July 4, 2022 Sixty per cent of all workers are currently looking for a new job, with as many as just under half of them searching for a new role due to the cost of living crisis. That is the warning from Paul Farrer, the founder and chairman of recruitment giant Aspire. According to research carried out by [...]
Education union threatens teacher strike unless ‘inflation plus’ pay increase secured July 1, 2022 An education union has rejected a nine per cent pay increase for new teachers as inadequate and threatened to strike if a better offer is not made. The joint general secretaries of the National Education Union (NEU) wrote to the secretary of state Nadhim Zahawi asking him to address the “ profound crisis” in the [...]
UK food prices now over seven per cent higher than 2021 with perishable goods leading the way July 1, 2022 Food and consumer goods prices across Europe are now 6.9 per cent higher than they were a year ago, rising to 7.5 per cent in the UK. According to new data released by NielsenIQ today, more than eight FMCG categories out of 10 showed increasing inflation rates during the 12 week period ending April 24 [...]
Taxpayers to foot extra £27.3m bill for Royal Family even as cost of living soars July 1, 2022 UK taxpayers will pay an extra £27.3m over the next two years for the Royal Family even as a cost of living crisis grips the country. The additional amount is to help the Royal Family meet expenses after a drop in profits at the Crown Estate, Bloomberg reported on Thursday. The Royals spent £102.4m in [...]
Boost for Global Britain as UK exports to EU defy Brexit challenges and hit highest level ever July 1, 2022 New ONS data shows that British exports to the EU reached their highest ever level due to rising exports of fuels as the bloc continues to import substantial quantities of LNG. Goods exports to the EU reached £16.4bn in April 2022, their highest level in current prices since the series began in 1997. Meanwhile, the [...]