Category: Consumer spending

Rachel Reeves looks at ending zero tax regime for low-value imports

Chancellor reviewing rule that lets foreign retailers such as Amazon and Shein pay no duty on items costing under £135Markets rise as Trump backtracks on China tariffs and firing Fed chairRachel Reeves dashes hopes of...

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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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