Retail hesitancy: Online sales drop as shoppers feel pinch of rising inflation April 21, 2022 Online shoppers are spending less as the cost of living crunch starts to bite across the world, and consumers have turned to BNPL services to continue purchasing. Global digital sales have dropped three per cent year-on-year, the first recorded drop in nine years of tracking by Salesforce. The firm’s shopping index shows a drop in [...]
Brexit-supporting Newark in shock as largest employer shuts up shop and heads for mainland Europe April 21, 2022 Local media and residents in the English town of Newark, as well as its local MP Robert Jenrick, are said to be shocked and disappointed by the decision of food producer Goodlife Foods to shut up shop and move its entire production to mainland Europe. The decision is likely to result in around 110 job [...]
Time to talk about the price of milk: artisan cheese could save our dairy industry April 21, 2022 Milk has always held a curious place in the political psyche. It has long been used as a measure of affordability of everyday goods – and our leaders’ understanding of the challenges facing many Britons. As inflation, pressures on transport and the war in Ukraine have triggered a spike in prices, the price of milk [...]
Nor way! British gas prices soar as maintenance issues curb Norwegian flows April 20, 2022 Gas prices have spiked across European benchmarks with maintenance curbing Norwegian gas flows to the UK, exacerbating supply fears.
Irwin Mitchell hands staff £900 bonuses to get through UK’s cost-of-living crunch April 20, 2022 UK law firm Irwin Mitchell is set give its staff a £900 bonus each, to deal with the UK’s cost-of-living crisis. Staff working at the firm are set to receive a one-off payment on top of their April salaries to cover the costs of higher food and fuel prices. The firm said the one-off payments [...]
Prices rising fast: Brits face acute egg shortage as spiralling hen food costs and energy bills lead to mass exodus of farmers April 20, 2022 UK customers could face empty shelves as an exodus of British egg farmers is caused by a lack of support from supermarkets amid spiralling costs, industry players warned today. Farmers have previously called on supermarkets to increase their egg prices due to soaring feed and energy costs in the production process. However, the industry has [...]
Revealed: The UK’s biggest council tax increases, with some councils adding £145 this year alone April 20, 2022 The cost of council tax has climbed by as much as £145 in parts of the country, as yet another cost associated with our homes puts a squeeze on our household finances. From groceries to utilities, the rising cost of living is causing financial instability for homeowners and renters across the country. One of the most significant costs [...]
Accelerating costs and higher tax bills knock employers’ confidence April 20, 2022 Swelling cost burdens and higher tax bills are eating into UK businesses’ confidence in the country’s economic prospects, reveals a fresh survey published today. Severe inflationary pressures sourced from the Russia-Ukraine war sending energy prices higher and ongoing supply chain disruption has muddied the outlook for the UK economy. The world’s economic watchdog, the International [...]
Energy chiefs urge government to offer more support to households April 19, 2022 Chief executives at some of the country's biggest energy firms have called on the government to provide
Cost of living crisis to throttle UK economic growth, IMF warns April 19, 2022 A historic cost of living crunch that is being stoked by Russia’s invasion of Ukraine and strict lockdowns in China will disrupt Britain’s road to recovery, fresh forecasts published today by the world’s economic watchdog revealed. UK households are set to slash spending in response to rampant inflation eroding their living standards rapidly, choking growth [...]