Category: Consumer spending

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...

Read More

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...

Read More

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...

Read More

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...

Read More

UK workers will be worse off in 2024 than in 2019, thinktank warns

Resolution Foundation predicts average Britons will be 4% poorer but better-off pensioners will be ‘big winners’UK workers’ living standards will flatline next year, leaving them on track to be 4% worse off...

Read More

UK watchdogs agree on ‘action plan’ to prevent consumers being ripped off

Measures are aimed at preventing companies using rampant inflation to hike prices during cost of living crisisBritain’s watchdogs have agreed to a suite of measures aimed at protecting consumers from being ripped off by...

Read More

Rishi Sunak risks missing target to halve inflation, NIESR warns

Leading thinktank sounds alarm over cost of living crisis with poorest £4,000 worse off in 2023 than before Covid pandemicRishi Sunak is at risk of missing his flagship target to halve inflation this year, one of...

Read More

Half of all UK consumers have cut non-essential spending

KPMG study shows scale of household spending cutbacks, with eating out hit particularly hardMore than half of UK consumers have cut back on discretional spending since the start of the year, with nearly two-thirds choosing to...

Read More

UK households ‘spent 12% more on essentials in February than year earlier’

Almost four in 10 people have to use credit cards to cover such costs, says NationwideInflation and rising bills mean UK households are spending 12% more on essentials than they were a year ago, with almost four in 10 people...

Read More

Keep interest rates at 4% to help UK households, urges Bank of England policymaker

With inflation cooling rate-setter Swati Dhingra says higher borrowing costs pose ‘material risk’ to already-weak economyA senior Bank of England policymaker has said interest rates should be held at 4% amid signs of...

Read More

Bank of England raises UK interest rates to 4%

More pressure on mortgage payers and businesses after hike of 0.5 points lifts rates to 14-year highThe Bank of England has raised interest rates by 0.5 percentage points to 4%, piling more pressure on mortgage payers and...

Read More
Loading

Breaking News

prev next