Excl: Brits’ spend on restaurants and takeaways behind pre-Covid average November 28, 2022 Brits are now spending far less on meals out and takeaways than they were on the eve of the Covid-19 pandemic, as consumers and businesses grapple with rising costs. Diners are forking out 16 per cent less per month in restaurant spending on average, versus 2019, according to exclusive research shared with CityA.M. Average spend [...]
Supermarkets ‘implored’ to lower forecourt fuel prices after steady wholesale drop November 28, 2022 Motoring group the RAC has urged supermarkets for not lowering prices in forecourts despite wholesale fuel going down in price. The car-owners’ organisation appealed to the big four – Tesco, Sainsbury’s, Morrisons and Asda to make consumers’ lives easier amid the cost of living crisis. In new figures released, the RAC showed wholesale fuel prices [...]
Stabilising the economy depends upon ensuring new start ups stay in our shores November 28, 2022 Tonight I will welcome the Prime Minister, the Lord Chancellor, the Archbishop of Canterbury, the Chancellor of the Exchequer and guests from across the City – and beyond – to Guildhall for the annual Lord Mayor’s Banquet. While the worst of the pandemic is behind us, we are facing the bleakest economic outlook that we [...]
Terrible at times tables? Our reliance on fintechs doing our maths dents our income November 28, 2022 Londoners are the most “maths anxious” people in the UK. If reading this sentence sends a chill down your spine, then you’re probably one of the maths anxious people. The term is a little puzzling – do we mean people who are actually scared of numbers? After all, people seem to be scared of anything [...]
UK economy much more volatile after series of sharp shocks November 28, 2022 The UK economy has become much more volatile compared to three decades ago, a new survey out today reveals. Since the global financial crisis in 2008, the economy has grown much slower compared to the decade and a half in before the catastrophe, according to consultancy BDO. The firm said in the first 15 years [...]
Busiest Black Friday on record as Brits make the most of sales in cost of living crisis November 26, 2022 This year’s Black Friday was the busiest on record, as Brits look to make the most of deals amid the cost of living crisis. The number of purchases jumped on Friday, up 10 per cent in comparison with last year, according to data from Nationwide today. The rate of spending has risen more than a [...]
Nationwide and Barclaycard say Black Friday spending off to steady start November 25, 2022 Nationwide and Barclaycard have said Black Friday sales are up, as Brits looks to cash in with bargains for Christmas during the cost of living crisis. Early days showed there had been 1.37m transactions from Nationwide members, up 17 per cent from a regular Friday. The building society said the number of purchases were up [...]
Mark Kleinman: Glazers could see biggest ever football club sale November 25, 2022 It was Sir Alex Ferguson who coined the phrase “squeaky bum time” in reference to those anxious moments at the end of seasons when Champions League and Premier League titles and FA Cups hung in the balance. Fergie’s employers for the last eight years of his reign, the Glazer family, are about to undergo their [...]
EU fails to agree price level for Russian oil cap as splits emerge in bloc November 24, 2022 The EU is split over the price of a Russian oil cap as the West seeks to slash the Kremlin's war revenues and tame the cost of living crisis.
Workers supplying KFC, Burger King and Greene King latest join to picket line November 24, 2022 Hundreds of workers who deliver food to chains like Burger King and KFC are to walk out this winter, as well as employees who brew and distribute Greene King drinks. Workers for the food delivery firm behind KFC, Burger King, Pizza Hut and Wagamama are set to strike over a pay dispute, GMB union bosses [...]