Cost of living fears don’t stop Brits spending record £12bn in supermarkets in run-up to Christmas January 4, 2023 BRITS brushed off cost of living and recession fears to spend a record £12bn in UK supermarkets in the run-up to Christmas.
Dry January: Pub bosses call on Brits to do their duty and get down the local – even if it’s for non-alcoholic beers January 3, 2023 Publicans have issued a rallying cry for punters to continue to back their local boozer this month as the industry battles an economic downturn – despite the growing trend for a ‘dry January‘ month off the sauce. The sector has struggled with sky-high energy bills all while consumers’ feel the pinch of household bills increasing [...]
Not-so-happy New Year: Hospitality bosses expect weaker trade due to strikes December 30, 2022 Hospitality leaders say venues could see weaker trade over the key New Year period after sales were knocked by strike action. But there are signs for optimism amid more bookings and strong demand over the festive period for other areas of the sector. The Night Time Industries Association, which has more than 1,400 members including [...]
Families facing ‘groundhog year’ in 2023 as living standards to be squeezed December 30, 2022 Families are facing a “groundhog year” as further squeezes on living standards take place in 2023, a think-tank has warned. While the year ahead may offer economic policymakers some relief, with signs inflation will ease and interest rates peak lower than feared, family finances face a repeat of 2022’s squeeze as the cost-of-living crisis deepens, [...]
The year in City A.M. front pages December 28, 2022 As 2022 comes to a close, we look back on how the turbulent last 12 months were reported on from our very own newsroom. It would be fair to say the last year has been a tumultuous one. It started with the ending of pandemic restrictions and the onset of a cost of living crisis. [...]
Number of takeovers and mergers halved in 2022 but ‘bargain basement prices’ to turn tide in 2023 December 27, 2022 The number of big takeovers and mergers involving UK-listed companies nearly halved this year as investors were deterred by market volatility, political instability and recession fears. But the tide is set to turn in 2023, with buyers eyeing up quality British companies trading at “bargain prices”, experts said. There were 49 bids for London-listed firms [...]
Insulating our leaky homes now would be a sensible investment for this Conservative government to make December 26, 2022 As Rishi Sunak stood in Downing Street after becoming prime minister, he made a major promise. “The government I lead will not leave the next generation, your children and grandchildren, with a debt to settle that we were too weak to pay ourselves”, he said. That’s why the recent announcement from the Chancellor to make [...]
How ChatGPT AI is changing our online lives forever December 21, 2022 Instead of explaining ChatGPT in my own words, I’ll let ChatGPT explain itself. Logging onto the website, I search: “What is ChatGPT?” “GPT can be used for a variety of tasks, including language translation, summarization, and chatbot responses,” the chatbot responds. “In the context of chatbot responses, GPT could be used to generate responses to [...]
Best of 2022: How Games Workshop founder Ian Livingstone created a £3bn giant December 19, 2022 In a leafy enclave of West London, Ian Livingstone is balanced precariously upon a chair in his study, grasping for a top-shelf box filled with incredibly rare figurines. The legs of the chair creak in protest, and there is a moment when I fear I may be responsible for the untimely death of the man [...]
If we concede to the unions, Britain will find itself in a dizzying wage-price spiral December 14, 2022 A wage price spiral. We have not experienced one for so long that for most people the phrase might just as well be written in the Old English of a thousand years ago. It is, well, sort of comprehensible but only just. But such spirals can take hold with terrifying swiftness. Towards the end of [...]