Our economic recovery is on track, but we should aim to be on par with US growth September 18, 2023 There is no reason Britain should not aim to have an economy growing the same speed - if not faster - than the US, writes Chris Hayward
The winners and losers of London’s work-from-home economy: The City, the Wharf and the Burbs September 17, 2023 The pandemic may have ended, but the lasting work-from-home culture has changed how people splash their cash – and invariably it’s on a Thursday now. Empty restaurants, but heaving happy hours in pubs, is the perhaps biggest shift for the hospitality sector as consumers change their habits to meet a new work-life balance. A new [...]
Youths ‘film shoplifting for TikTok’ as businesses call for government aid September 16, 2023 Shoplifting and abuse at independent shops are increasing due to the cost-of-living crisis and youths filming it for TikTok, forcing some businesses to close, it has been said. Muntazir Dipoti, president of the Federation of Independent Retailers (FIR), which has 10,500 members, said 850 incidents of theft or verbal abuse are recorded every day. Incidents [...]
Supermarkets hike prices to make loyalty card customers feel like they are getting a discount, new study claims September 15, 2023 Supermarkets such as Tesco and Sainsbury’s could be hiking their ‘regular’ prices to make loyalty scheme customers feel they are getting a discount, according to a new report by Which. The consumer choice group analysed 141 Clubcard and Nectar card prices at Tesco and Sainsbury’s and tracked their pricing history back six months. According to [...]
Lidl swings to loss of £76m as fight to keep prices low offset by surging costs September 14, 2023 Discount supermarket chain Lidl has revealed its British arm swung to an annual loss after battling to keep a lid on prices as its costs rose “across the board”. The group reported pre-tax losses of £76 million for the year to February 28 against profits of £41.1 million the previous year as it also invested [...]
John Lewis pushes turnaround plan back two years as losses narrow September 14, 2023 Losses at John Lewis have shrunk but the struggling retailer warned that its ambitious partnership plans have been pushed back two years.
Cash usage increases for first time in over a decade as cost of living crisis bites September 14, 2023 Cash payments increased for the first time in a decade last year as concerns over the cost-of-living crisis prompted Brits to take out more cash.
Most UK adults experiencing ‘retirement anxiety’ as inflation forces savings raid September 13, 2023 The majority of UK adults are anxious about retiring, a new survey out today shows, as Brits are forced to raid their savings to make ends meet as the cost of living soars.
Banks call for incentives to stabilise used electric vehicle market September 13, 2023 The expensive cost of buying an EV has been one the most significant barriers in holding back wider adoption, ahead of a looming 2030 ban on the sale of new petrol and diesel vehicles.
The Notebook: Ian Whittaker on brand activism, the price of streaming and why you should give the 5am wake-up call a try September 13, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s leading City analyst Ian Whittaker Why businesses now have another worry on their list: the politics of their consumers The story of Bud Light is set to become a textbook classic of marketing courses everywhere. For those who are not [...]