Category: Consumer spending

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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Next PM likely to inherit improved economic backdrop after UK growth revised up

Updated quarterly GDP confirms UK was fastest-growing economy in G7 with consumer confidence returningBusiness live – latest updatesThe UK economy grew at a faster rate than previously thought in the first quarter of 2024,...

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Warmer weather and falling UK inflation lift retail sales

ONS says most retailers enjoyed a better month in May, with increases in clothing and household goodsBusiness live – latest updatesSpending in shops and online bounced back strongly last month as better weather, falling...

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Three years of pain: how inflation drove the UK cost of living crisis

With prices forecast to increase at their slowest pace since 2021 we look at the biggest risers in goods and servicesAfter three long years of feeling the pinch, UK consumers finally look likely to get some relief from surging...

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UK inflation: which goods and services have changed most in price?

From milk to pasta and bicycles to vet bills, how the cost of everyday things variesUK inflation falls to 3.4% in February to lowest level for two and a half yearsThe fight against UK inflation is being won – but when will...

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Hopes of UK exit from recession boosted as GDP rises in January

Monthly increase of 0.2% after surge in high street and online spending offers relief for government A surge in high street and online spending helped Britain’s economy return to growth in January, boosting hopes that the...

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Average UK person has lost out on £10,200 since 2010, thinktank says

Comparing actual economic growth across UK cities with pre-2010 trends shows Aberdeen £45,000 poorer, with Burnley next at £28,000People in Aberdeen are a total of £45,000 worse off since 2010 after suffering...

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UK economic growth to rebound in late 2024, leading forecaster says

EY Item Club report hands PM new year boost with prediction that inflation drop will allow interest rates to fall to 4% by year endThe UK economy will benefit from falling inflation and lower interest rates in the second half of...

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