Netflix and starve: Cash strapped Brits cut back on groceries and spend more on TV subscriptions April 11, 2023 Cash strapped Brits have cut back on grocery shopping and dining out last month, but spent more on streaming services services Netflix. Consumer card spending grew just 4.0 per cent year-on-year in March, less than half of the latest inflation rate of 9.2 per cent, as the cost of living crisis drives consumers to cut [...]
Brits embrace ‘value’ fun as Hollywood Bowl’s revenue up 11 per cent and outlook raised April 11, 2023 Bowling operator Hollywood Bowl has lifted its outlook for the rest of the year after a 11 per cent increase in revenue, as Brits turned to the affordable activity in the cost of living crisis. The leisure business, which operates across the UK and Canada, said group revenue in the six months to March 2023 [...]
Michael Gove faces an uphill battle to turf out the medieval long leaseholds April 11, 2023 We are one of the few countries left in the world with a leasehold system for our homes - where people own their flat, but not the land on which is built. This comes with problems, writes Elena Siniscalco
Even before the cost of living crisis, Brits struggled to understand their own finances April 11, 2023 Even before the pandemic, inflation and the energy crisis put the "cost of living" at the forefront of our minds, Brits across the country were struggling to manage their finances, writes Nicholas Lyons.
Gender pension gap: Women trail men by thousands – and the gap could widen April 11, 2023 Women’s pensions are on average £17,014 smaller than their male counterparts, per a new study by pensions consultants TPT. The research found that among those who knew how much they had put aside, the average man in his 50s would retire with far more money than a female counterpart. Women workers, by contrast, fear that [...]
Cost of living fears outweigh mental health and climate change as biggest concern for parents – poll April 7, 2023 Fears about the cost of living outweigh those of mental health, climate change, social media and bullying for a third of UK parents, a survey suggests. Almost a quarter of parents (24 per cent ) said finances and savings were a key concern for their children’s futures but just 9 per cent said they were [...]
Can CEO Rishi Sunak turn the Conservative party around in time for an election? April 6, 2023 Rishi Sunak has billed himself as a quiet competent manager, the CEO of Britain, in a bid to turn the Conservative Party's prospects around, writes John Oxley.
New car market increased 18 per cent last month to mark release of new number plates April 5, 2023 The UK’s new car market has grown for eight consecutive months, figures show. Some 287,825 new cars were registered last month, up 18.2 per cent on March 2022, the Society of Motor Manufacturers and Traders (SMMT) said. The increase was attributed to an easing of global supply chain shortages. Large fleets, which include vehicles owned [...]
Gas prices: How long before they return to pre-energy crisis levels? April 5, 2023 Gas prices will not return to pre-crisis levels for another three years despite the recent drop-off, warns investment group Stifel.
Co-op warns cost of living crisis will eat into future profits as food to funeral care firm feels pain of inflation April 5, 2023 The Co-operative Group has warned that ongoing inflation and economic uncertainty is likely to reduce its profits in 2023. The food, insurance and funeral care provider revealed its underlying profit remained flat at £100m for the year while EBITDA was down £15m to £490m compared to £505m in 2021. Group revenue for the year was [...]