News
Diesel price hits highest level since December 2022
2+ hour, 9+ min ago (596+ words) Diesel prices have reached their most expensive level since December 2022, new figures show, as the Iran oil crisis escalates. The RAC said the average price of a litre of the fuel at UK forecourts on Monday was 181.2p. That represents a…...
Consumer confidence drops amid ‘ripple of fear’ about Middle East conflict
3+ day, 4+ hour ago (348+ words) Confidence in the general economy has fallen significantly as "a ripple of fear" spreads about the effects of the Middle East conflict, figures show. GfK's long-running consumer confidence index dropped two points to minus 21 this month amid expectations of further…...
Retail sales dip amid wet weather and weaker supermarket trading
3+ day, 6+ hour ago (420+ words) UK retail sales decreased in February as supermarket sales slipped and demand for household goods was impacted by wet weather, according to official figures. The Office for National Statistics (ONS) said the total volume of retail sales, which measures the…...
Asda announces pay rise for all 110,000 supermarket staff from next week
5+ day, 5+ hour ago (425+ words) Asda has announced an inflation-busting pay rise for all 110,000 retail staff. The supermarket said their "hard-working" hourly-paid staff will all receive a 4 per cent rise. It will be implemented in two stages, with the first as early as next week…...
Consumer confidence ‘collapses’ as Middle East war escalates
4+ day, 14+ hour ago (282+ words) Consumer confidence has "collapsed" as the war in the Middle East raises fears of soaring inflation over the coming months, figures show. The British Retail Consortium (BRC) survey by Opinium, taken between March 10 and March 13, shows consumer expectations of the…...
Martin Lewis backs new rules that will make cancelling subscriptions easier
6+ day, 6+ hour ago (218+ words) Speaking about everyday frustrations faced by consumers on his Martin Lewis podcast, the Money Saving Expert founder highlighted the stark difference between joining and leaving services such as broadband, subscriptions and utilities. "I can set up broadband in five minutes,…...
Gilt sell off deepens after worse than expected public finance data
1+ week, 3+ day ago (624+ words) Government borrowing costs have hit their highest level since the 2008 financial crisis as worse-than-expected public finance data compounded a gilt sell-off on worries over soaring inflation and rising interest rates. Yields on 10-year UK government bonds, also known as gilts,…...
Tesco, Aldi, Lidl, Sainsbury's and more UK retailers adopting new '£13 rule"
2+ week, 1+ hour ago (372+ words) Most of the major retailers are implementing a new '13 rule' as the cost of living crisis continues to squeeze Brits households' budgets. The rule means many major branches are introducing a wage increase for staff to make sure hourly pay…...
UK economy flatlines unexpectedly in January
2+ week, 3+ day ago (591+ words) The UK economy unexpectedly stalled in January following meagre growth at the end of last year, official figures have shown, amid fears Britain is heading for a hit from the Iran conflict as prices are sent soaring. The Office for…...
Criticism of forecourt workers for fuel price hikes ‘unacceptable’ – minister
3+ week, 2+ day ago (718+ words) It is "unacceptable" that forecourt workers are experiencing abuse for fuel price hikes, the Irish enterprise minister said. Peter Burke made the comments after meeting with forecourt operators and home heating suppliers about dramatic rises in fuel costs since the…...