Household incomes set to fall by £2,100
UK households are just halfway through a cost of living squeeze that will last two years, according to a new report. The Resolution Foundation think tank says that the average…
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House prices fall for fourth month in a row
The average house price in the UK fell by 1.5% in December, according to the latest monthly report from Halifax. It's the fourth consecutive monthly fall and means that the…
Next Christmas sales exceed expectations
Next has reported better than expected sales in the Christmas period after a "dramatic boost" from a change in the weather. In the nine weeks to 30 December 2022 the…
Record rise in food prices in December
Food inflation in the UK reached a record high last month as shoppers stocked up for Christmas and the New Year. The latest shop price index from the British Retail…
Shop closures up nearly 50% last year
Across the UK, more than 17,000 shops closed in 2022 -- the highest number for five years. The Centre for Retail Research (CRR) reports that a total of 17,145 stores…
Rail fares in England to rise by up to 5.9%
Passengers travelling by train in England will pay up to 5.9% more for their tickets from March next year. The increase is being capped at a level well below inflation…
Energy support and interest drive UK govt borrowing to November record
Net public sector borrowing (excluding public sector banks) in the UK reached £22bn in November 2022, the highest amount for November since records began in 1993. Borrowing, the difference between…
Bus fares in England capped at £2
Single adult bus tickets in England are being capped at £2 in a new scheme funded by the UK government. National Express and Stagecoach are among more than 130 bus…
Surprise drop in UK retail sales for November
UK retail sales showed a surprise fall last month as household budgets remained under pressure from rising prices. Economists had expected to see growth of 0.3% after strong sales around…
Grocery inflation falls for first time in 21 months
The pace of grocery price inflation in the UK seems to be easing off, with new figures showing a decrease for the first time in nearly two years. Last month,…
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