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News
Shropshire firms face mounting costs as expenses rise 70 per cent
1+ hour, 9+ min ago (236+ words) Cost pressures are mounting for businesses, with a new report revealing a sharp rise in SME expenses since 2016. The British Chambers of Commerce’s ‘Cost Stack Calculator’ highlights the impact of rising policy-driven costs on small and medium-sized enterprises. According to…...
UK house prices stagnant amid high mortgage costs
2+ week, 3+ day ago (349+ words) The average UK house price flatlined last month as mortgage rates edged higher in the face of global economic uncertainty, according to new figures. Property values for July reported no growth compared with the previous month, slowing down from 0.2% growth…...
Borrowing costs jump to two-month high as Healey named as Chancellor
1+ mon, 4+ day ago (523+ words) Government borrowing costs lifted higher and the value of the pound weakened amid caution from City traders ahead of John Healey’s appointment as the next Chancellor of the Exchequer. Andy Burnham appointed the former defence secretary in a surprise move…...
Workplace savings scheme could help more people build financial safety net
2+ mon, 1+ week ago (556+ words) An initiative to help UK adults to build rainy day savings pots is under way, with the launch of the National Coalition for Workplace Savings. The scheme could give more people a financial safety net to help cover an unexpected…...
How will soaring fuel prices impact April’s GDP data?
2+ mon, 2+ week ago (486+ words) Britain’s economy is expected to show signs of an impact from the Iran war when official figures are released for April, with forecasts for a sharp pullback after a surprisingly strong start to the year. The figures on Friday from…...
UK manufacturing growth strikes four-year high despite rising inflation
2+ mon, 3+ week ago (334+ words) Activity across UK factories grew at the fastest pace for four years last month despite pressure from soaring inflation, according to new figures. The S&P Global UK manufacturing PMI survey, watched closely by economists, showed a reading of 53.9 in…...
Rising food prices could become a permanent problem, experts warn
2+ mon, 4+ week ago (713+ words) Rising food prices could become a permanent problem, experts have warned, with household staples like bread and pasta remaining expensive. This long-term rise is due to global events such as the Middle East conflict and the El Nino weather pattern,…...
Unemployment rate rises and vacancies slump in first signs of Iran war jobs hit
3+ mon, 7+ hour ago (639+ words) Britain’s unemployment rate has risen and vacancies tumbled to a five-year low in the first signs of the Iran war taking its toll on an already under-pressure jobs market. Official figures showed the jobless rate rose unexpectedly to 5% in the…...
Supermarket founder re-enters UK Rich List as one of the wealthiest people
3+ mon, 1+ week ago (538+ words) The man who founded a national supermarket chain in Oswestry has re-entered the top 10 list of the richest people in Wales. Sir Malcolm Walker and his son, Richard, who is Lord Walker of Broxton, were placed ninth in The Sunday…...
Early Easter adds to woe of retailers suffering from low consumer confidence
3+ mon, 1+ week ago (473+ words) Retailers have suffered a disappointing April as an early Easter compounded stumbling consumer confidence because of the Middle East crisis, figures show. Total UK retail sales were down 3% year on year, well below the 12-month average growth of 1.8%, according to…...