Browsing: cost-of-living crisis News
Sainsbury’s CEO, Simon Roberts, highlights the ongoing cost-of-living crisis impacting UK consumer confidence.Roberts believes that strong consumer spending will not resume until the Labour government clarifies…
UK households see improved spending power as inflation rates fall.Disposable income increased by 12% year-on-year in August.Average disposable income reached £247 per week, the highest since…
Amidst ongoing financial uncertainties, parents face the annual challenge of back-to-school shopping. However, some relief is offered as several major retailers have decided to freeze the…
Despite a downturn in April due to inclement weather, May saw a notable recovery in retail sales.Sales volumes increased across most sectors, with clothing retailers experiencing…
The GFK Consumer Confidence Index saw a rise in June, marking the third consecutive monthly increase.Consumer confidence increased by three points but remains negative at -14…
Workers at GXO’s Feltham site in West London are escalating strike plans in a dispute over low pay, affecting food and beverage distribution.The planned strike by…
Recent findings indicate British firms’ limited response to inflation, affecting low-paid workers.Only 30% of businesses plan to raise pay above inflation, despite cost pressures easing.Over 60%…
The upcoming UK general election is impacting entrepreneurial plans for many prospective business owners, according to recent research.58% of would-be entrepreneurs report election-related fears affecting their…
The unexpected closure of ski agency Powder White has left many in the travel industry reeling.Brexit, Covid, and the rising cost of living are cited as…
Iceland Foods has launched an innovative scheme, the Iceland Food Club, aimed at supporting families’ financial needs.Since August 2022, this initiative has provided interest-free loans to…
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