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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…
Andrew Bailey says interest rates will have to rise again unless inflation fallsThe Bank of England governor, Andrew Bailey, has called on businesses to hold back price rises, telling them that interest rates will need to rise again unless inflation fa…
Almost four in 10 people have to use credit cards to cover such costs, says NationwideInflation and rising bills mean UK households are spending 12% more on essentials than they were a year ago, with almost four in 10 people having to use credit cards …
Britain appears to be an international outlier after the shock reading in double digits this weekLive coverage: Inflation jumps as cost of living crisis intensifiesUK inflation rate in surprise rise to 10.4%Inflation calculator: find out how much price…
From low-fat milk to sugar, energy bills to clothing, how costs have soaredLive coverage: Inflation jumps as cost of living crisis intensifiesUK inflation rate in surprise rise to 10.4%Inflation calculator: find out how much price rises affect youThe U…
Surprise increase makes hike more likely, but economy is perilously close to recessionLive coverage: Inflation jumps as cost of living crisis intensifiesUK inflation rate in surprise rise to 10.4%Inflation calculator: find out how much price rises affe…