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KPMG study shows scale of household spending cutbacks, with eating out hit particularly hardMore than half of UK consumers have cut back on discretional spending since the start of the year, with nearly two-thirds choosing to reduce the amount they spe…
Annual rate down to 6.9% this month, with signs of cost of living pressures easingThe eurozone’s annual inflation rate fell sharply in March as plunging energy prices eased pressure on the cost of living across the 20 countries that use the single curr…
After UK narrowly misses recession IoD reports rise in business demand, confidence, hiring and investment in March Britain’s businesses are reporting a spring surge in order books, boosting hopes that the economy may finally be recovering after flirtin…
Study commissioned by Guardian details scale of hit to household finances from AprilA wave of rising bills and tax hikes coming into effect in April will leave a family on a £50,000 annual income almost £700 a year worse off, according to a study of th…
Chancellor tells MPs that high level of inflation means Treasury support is necessary to avoid cutting frontline servicesJeremy Hunt has pledged to find additional money to help fund public sector pay deals after admitting that Britain’s high level of …
Retailer reports record annual profits of £870m after stronger-than-expected sales but says 2023 could be ‘very challenging’Next said it expected to raise prices more slowly in the coming year in a sign of easing inflation, as the clothing and homeware…
This blog is now closed.Asio to take over issuing high-level security clearances due to ‘unprecedented’ espionage threatGet our morning and afternoon news emails, free app or daily news podcastSorry – I am told by a couple of senators that it was “tech…
Prices rise fastest for eggs, milk and cheese amid shortages of salad and other items Supermarket price inflation in the UK has hit another record high, adding £837 to annual household bills, as shoppers increasingly turn to multiple supermarkets to hu…
Cat food brand caught in shrinkflation storm as owners say new pouches and recipe leaves pets hungryThe mercurial nature of cats means owners spend a lot of time trying to understand “cat speak”. However, the chances that loud miaowing is about food ha…
Tim Martin says Bank of England is right to ask firms to be mindful but advice should not be taken too literallyBank boss urges firms to hold back price rises or risk higher ratesThe boss of JD Wetherspoon has warned it could be “catastrophic” for pubs…