Category: Consumer spending

Five economic factors that will govern Rachel Reeves’s spring statement

The chancellor will address MPs on Wednesday, warning of tough spending cuts amid rising government borrowing costsWhat to expect from Rachel Reeves’s (brief) spring statementRachel Reeves will give her spring statement on...

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Weak UK consumer spending is denting business mood, says CBI

Employers lobby group says business activity is falling with most firms expecting worse to comeBusiness activity across the UK private sector declined in the last three months, a survey has found, as weak consumer spending hits...

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UK firms plan price rises as confidence falls to lowest level since Truss budget

BCC survey shows growing concern over planned employer tax rises with 55% of companies planning to hike pricesMore than half of British companies are planning price rises in the next three months, according to research that...

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Average Briton causes 23 times more CO2 on Christmas Day, study reveals

Campaigners say consumption such as travel, gifts and food are destroying planet and the meaning of ChristmasWhether out of poverty or virtue, many of us spend much of the year reining in our appetites to save our pennies and...

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Sharp fall in UK business activity forecast as economic gloom deepens

CBI survey finds firms planning to reduce hiring amid weakest expectations for growth since November 2022British firms are predicting a sharp fall in business activity in the new year, in the latest economic snapshot to warn of...

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UK job vacancies fall at fastest rate since pandemic as business confidence slumps

Blow to Labour growth hopes as poll finds demand for staff falling at ‘sharp and accelerated pace’, particularly in permanent rolesThe number of job vacancies in November fell at the fastest rate since the start of...

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Pubs and restaurants warn of closures if taxes rise and business rates relief ends

Joint statement by lobby groups calls on chancellor to make Covid-era rates relief for hospitality permanentReeves could make it easier for pubs to sell beers from local breweriesThe Guardian view on ‘indie beer’:...

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UK economy returns to growth in boost to Rachel Reeves before budget

GDP rises by 0.2% in August after flatlining in June and JulyThe UK economy returned to growth in August after flatlining for two months, in a boost for the chancellor, Rachel Reeves, before the autumn budget.The Office for...

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UK consumer confidence falls sharply amid fears of ‘painful’ budget

Concerns over government plans wipe out progress made this year to rebuild household moraleBusiness live – latest updatesConsumer confidence in the UK has fallen sharply amid growing concerns over government plans for a...

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