‘Headaches’ for Innocent as fruit for smoothies held up at ports October 21, 2021 Innocent’s CEO Douglas Lamont has warned decisions on hiking prices of the brand’s smoothies are “imminent,” as retailers face mounting cost pressures. Speaking to CityAM, Lamont said there were “huge challenges out there,” with cost pressures and limited driver availability. “We’ve all been quite battle-hardened [after the pandemic], in terms of keeping service levels. We’re [...]
Brits brace for £23 per week jump in cost of essentials as two-thirds fear inflation October 20, 2021 UK households expect to cost of essentials such as food, non-alcoholic drinks, electricity, gas and motor fuel to rise as much as £23 per week by the end of the year according to new research shared with City A.M. this morning. More than 4 in 5 (84 per cent) UK households expect the cost of essentials [...]
Inflation shows unexpected drop in September October 20, 2021 Inflation slowed unexpectedly in September as the Bank of England is set to tackle the acceleration by hiking interest rates. Consumer Prices Index (CPI) rose 3.1 per cent in the year to September, down from 3.2 per cent to August, official data showed. Increased prices for transport were the largest contributor to price rises, at [...]
Hospitality facing ‘terrifying’ rates of inflation October 19, 2021 The price of a meal out could rocket this autumn as hospitality chiefs have warned of a cocktail of cost pressures on businesses. Speaking to the Business, Energy and Industrial Strategy committee on Tuesday, Food and Drink Federation boss Ian Wright urged MPs to “think seriously about inflation in hospitality.” Price inflation for hospitality’s operational [...]
Home away from home offices: Employees ears are not burning, but the 2-ply toilet roll might be October 19, 2021 Boris Johnson’s recent announcement that “you have got to be able to come in [to the office] … and know what everybody is talking about … otherwise you are going to be gossiped about and you are going to lose out”, has caused a mixed outpouring of bemusement, derision and mirth. “How can anyone [...]
As bills go up, we need to brace for a pretty chilly winter in the UK October 15, 2021 As usual, Destiny’s Child was right. Bills, bills, bills, as the iconic girl group put it, put friction into our relationships and left us acting dumb. This winter they’re going up. As inflation starts to bite we’re going to find it tougher to make ends meet. From groceries to energy, the cost of everything is [...]
Chicken boss warns shoppers face price hikes in ‘different world’ October 13, 2021 Food prices are set to rise 10 per cent thanks to uncontrollable inflation, the boss of Britain’s biggest chicken firm has warned. Ranjit Boparan, founder of 2 Sisters Food Group, told The Telegraph that consumers were facing a “great food reset,” amid supply chain disruptions. Food companies will have no choice but to pass costs [...]
Swelling food and energy costs lift US inflation October 13, 2021 A jump in food prices and energy costs drove inflation in America to a fiery clip in September, testing Fed chair Jerome Powell’s insistence that price rises are transitory. On an annual basis, US inflation hit 5.4 per cent last month, according to the Labor Department. Higher prices for food, which rose 4.6 per cent, [...]
Unemployment drops by 0.4 per cent to 4.5 per cent October 12, 2021 The number of UK workers on payrolls rose by 207,000 between August and September to a record 29.2m, returning to levels seen before the pandemic struck, the Office for National Statistics (ONS) said. The unemployment rate in the UK shrank 0.4 per cent to 4.5 per cent. Though unemployment fell, the number of job vacancies [...]
Looming cost of living crisis pinches Brits’ confidence in finances October 12, 2021 The spectre of inflation is acutely impacing Brits’ confidence in the health of their finances. Nine in 10 households are worried about their finances, found research by Barclaycard. Brits across the country are facing a severe cost of living crisis caused by soaring energy prices, wider inflation and looming tax hikes, which is weighing down [...]