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Most feel financial secure but think UK’s economy is worsening, as chancellor plans welfare cuts in spring statementConsumers are cutting back spending on everyday items amid falling confidence in the UK economy before Rachel Reeves’s spring statement,…
Supermarket chain said it was mitigating extra cost from rise in employer national insurance contributionsMorrisons has put more than 300 jobs at risk as it shuts cafes, convenience stores and food counters as retailers grapple with rising labour costs…
Parties call for intervention after ACCC report found Australian grocers among most profitable in world amid cost-of-living crisisGet our breaking news email, free app or daily news podcastThe Coalition and Greens are renewing calls for Labor to embrac…
A 441-page report calls for 20 recommendations, including greater transparency around prices, special offers and ‘shrinkflation’Get our breaking news email, free app or daily news podcastColes and Woolworths increased prices during a cost-of-living cri…
Administrators say unsecured creditors also including landlords and charities will get only between 16% and 27%The Body Shop’s suppliers, including small charities, local councils and cosmetics manufacturers, are to receive no more than about a quarter…
Shaftesbury Capital sells stake in estate, which includes shops, market and transport museum siteBusiness live latest updatesNorway’s sovereign wealth fund, the world’s biggest, has made a fresh bet on the future success of central London, as the count…
More than 12,800 stores shut in 2024, down on 2023, but extra costs expected to take toll this year, study suggestsThe UK’s high streets are expected to empty out at a faster pace this year as extra costs imposed on businesses by Rachel Reeves are blam…
Use of hi-tech search tools enables shoppers to find items they want, while trade war pushes up prices of new clothesArtificial intelligence will spur on sales of secondhand clothing, according to the boss of one of the biggest online resale sites, aft…
Swedish furniture retailer’s arrival is seen as crucial to hopes of reviving the London shopping streetIkea will be bringing its mix of meatballs, lampshades and kitchen planning to London’s Oxford Street from 1 May, when the world’s largest furniture …
Asda claims to have ‘pretty significant war chest’ but analyst says it is unclear if it can commit to months of cutsMore than £4bn has been wiped off the value of Tesco, Sainsbury’s and Marks & Spencer stock since Friday amid fears that rival Asda …