Avocado price skyrockets to highest in two decades as Mexican drug gangs feud March 30, 2022 The price of avocados has skyrocketed to its highest for two decades, in part due to feuding drug gangs in Mexico which is one of the main global suppliers. The cost of the crop rose after a United States safety inspector in the country was threatened, leading to an import ban from the state of [...]
Oxford St still feeling side effects of Covid as footfall recovery lags behind March 30, 2022 Oxford St has struggled to return to its pre-pandemic glory with football down 46 per cent on pre-Covid levels. Overall, high street footfall levels were down 23 per cent in February, according to an RSM analysis of data from Datscha. International travel restrictions have dampened the numbers of shoppers in central London hubs. Northern shopping [...]
Broadband startup Cuckoo calls on industry to abolish exit fees and end £1.3bn price hikes March 30, 2022 Broadband exit fees and above-inflation price rises should be scrapped as UK customers face a cost of living crisis, the CEO and founder of broadband firm Cuckoo Alex Fitzgerald has demanded.
Shop price inflation hits highest rate in more than decade amid cost of living crunch March 30, 2022 Shop price annual inflation has hit the highest rate since September 2011 as Brits face a cost of living crunch. According to data from the British Retail Consortium (BRC) and NielsenIQ, the metric hit 2.1 per cent in March. This was an increase from 1.8 per cent in February. Shoppers have flocked to discount retailers [...]
Retailers lead the way in London after industrials give up gains March 29, 2022 High street retailers lifted London’s top indexes today despite a sharp drop in oil prices prompting investors to ditch industrial giants. The capital’s premier FTSE 100 index climbed 0.86 per cent to reach 7,537.25 points, while the domestically-focused mid-cap FTSE 250 index surged two per cent to 21,491.97 points. Traders are seemingly upbeat about the [...]
Good Energy boss warns renewable ramp up will not ease this year’s cost of living crisis March 29, 2022 Profits and gross margins at renewable specialists Good Energy have taken a hit from the crisis, but its asset sale has steadied the ship.
Average mortgage hits £235k as cost of living crunch threatens home ownership plans for many March 29, 2022 The total value of mortgages lent rocketed last month as buyers face more affordability roadblocks to home ownership. Some 70,933 mortgages were given the green light in February, compared to 73,841 in January, according to the Bank of England’s monthly money and credit figures. However, the total value lent rose (from £16.6bn to £16.7bn), meaning [...]
Political stasis on energy policy will throw us further into the Dark Ages March 29, 2022 The foundations of our energy policy in Britain have been thrown into the spotlight as countries around the world look to unwind their reliance on Russia. Reducing oil dependency is a step in the right direction. But as the human, environmental and geopolitical costs spiral, what the UK needs now is a decisive commitment towards [...]
Young, female, living in London: Who are the millions of people in the capital struggling to make ends meet? March 29, 2022 Five million working people now face the prospect of being unable to meet their financial commitments, according to new research shared with City A.M. this morning. from Baringa, the business consultancy. In the wake of the pandemic and with inflation at a 30 year high, specific groups of workers, such as women and young people, [...]
Brits splash on the plastic to uphold spending amid cost of living squeeze March 29, 2022 Brits are scrambling to take on debt to maintain spending amid one of the tightest cost of living crises in a generation, new figures released today reveal. Soaring prices and weak pay growth are making it tougher for households to maintain their existing lifestyles, strengthening incentives to use credit cards to plug budget gaps. Data [...]