Expensive bites for millions of Brits as food inflation soars to record 11.6 per cent November 2, 2022 With even basics such as tea bags, milk and sugar seeing significant price rises, food inflation has soared to a record 11.6 per cent in October. Overall shop prices are now 6.6 per cent higher than they were this time last year – also a record – but food inflation jumped well above September’s 10.6 [...]
Next sales ahead of expectations as analysts warn ‘worst still to come’ November 2, 2022 Fashion stalwart Next posted better than expected full price sales while analysts have warned the full impact of market volatility is yet to be seen. The retailer shared a 0.4 per cent boost to sales in its third quarter versus last year. The London listed chain reiterated full year guidance for profit before tax of [...]
Letters: Climate should be a priority November 2, 2022 [Re: Why does Cop27 seem to be the party no one wants to go to?, Oct 31] It’s disappointing that our new prime minister, Rishi Sunak, doesn’t consider attending COP27 a priority. I appreciate his government has to deal with the UK’s cost of living crisis, but now is not the time to retreat from [...]
BP’s profit bonanza reignites calls for tougher windfall tax November 1, 2022 BP has unveiled another bumper round of monster profits powered by soaring gas prices, reigniting calls for a windfall tax.
UK in Recession: an Overview of What Could Happen & How You Can Take Advantage November 1, 2022 Recently, the Bank of England has issued a warning about a slowdown in economic growth towards the end of 2022, with similar worries persisting into 2023. Overall, the upcoming emergence of a recession has been fuelled by a mix of several detrimental dynamics for the UK. Uncovering the Dynamics that Lead to Recession The United [...]
Met top brass says Just Stop Oil will be ‘brought to justice’ as group tries to scale Downing St gates November 1, 2022 The Met Police’s number two in command has vowed to bring Just Stop Oil protesters “to justice” as protestors tried to climb the gates of Downing Street. Assistant Commissioner Matt Twist made his comments on LBC this morning after the environmental group made headlines vandalising MI5, the Home Office, Bank of England and HQ of [...]
How cutting-edge technology is helping curb the rise in avoidable blindness worldwide November 1, 2022 Globally 1.1 billion people live with vision loss and blindness and a shocking 90% of it is avoidable. Sadly, 9 out of 10 of these people live in low-to-middle-income countries with little or no access to eye health care. Orbis, an international sight-loss charity, works to fight avoidable blindness in these regions through hospital-based programmes [...]
Local cabbie prices could spiral following Uber lawsuit over VAT November 1, 2022 Taxi firms could be forced to up their prices by a fifth as Uber calls for cabbies across the country to pay VAT on their journeys. A High Court hearing is expected to be handed down this week after the ride-hailing giant sued Sefton Council about VAT terms operating outside of London. Since the 1970s, [...]
Retailers gear up to win battle for Christmas online shopping rush November 1, 2022 Retail giants are battling to entice cash-strapped consumers with a slew of online discounts and sales this year. Spending is expected to slip by up to half on Black Friday this year, against a backdrop of a cost of living crisis, Wunderman Thompson research has forecast. Online retailers are set to benefit from the crunch, [...]
Hunt and Sunak face £89bn fiscal hole without tax rises or spending cuts November 1, 2022 Without spending cuts or tax rises, prime minister Rishi Sunak and chancellor Jeremy Hunt will burn a £89bn hole in the public finances in a few years time, a new report out today reveals. A combination of former prime minister Liz Truss’s tax cuts in the shambolic 23 September mini-budget still lingering and a flatlining [...]