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News
Retail sales weaken in July as demand for clothing falls
7+ hour, 48+ min ago (461+ words) Retail sales slipped back in July as clothing sales fell at the fastest rate for more than a year, according to official figures. The Office for National Statistics (ONS) said retail sales volumes declined by 0.5% in July, compared with the…...
New Chancellor given pre-Budget challenge as borrowing jumps unexpectedly
11+ hour, 3+ min ago (533+ words) The fiscal squeeze facing new Chancellor John Healey ahead of his inaugural Budget has been laid bare as official figures showed government borrowing unexpectedly rose to £1.8 billion last month. The Office for National Statistics (ONS) said government borrowing stood at…...
Surging energy prices push inflation up to highest level since March
2+ day, 10+ hour ago (645+ words) UK inflation has jumped to its highest rate since March after energy prices were pushed up by the Iran war, according to official figures. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation rose to 2.9% in July,…...
Santander sends fresh warning messages to 146,000 customers
4+ week, 2+ day ago (305+ words) Santander has contacted almost 150,000 customers it believes could be struggling with soaring energy bills, urging them to seek help before their finances worsen. The high street bank said it has identified around 146,000 customers who are expected to spend more than…...
'Hospitality is hurting' - Popular restaurant issues plea for support
1+ mon, 2+ week ago (555+ words) A “hospitality is hurting” plea from a popular Whalley restaurant has struck a chord with customers after bosses opened up about the growing financial pressures facing independent businesses. Tapas 47 shared an honest message on social media over the weekend, explaining…...
Martin Lewis warning as hidden money worries fuel relationship tensions
2+ mon, 6+ day ago (663+ words) Martin Lewis has warned that hiding debt from a partner can put serious strain on relationships, but experts say another problem is quietly affecting millions of people: many don't understand what actually impacts their credit score. From Buy Now Pay…...
Bank of England boss defends Government bond-selling policy against critics
2+ mon, 6+ day ago (369+ words) The boss of the Bank of England has defended its Government bond-selling programme amid criticism that it is costly to taxpayers, including from Reform UK leader Nigel Farage. Andrew Bailey said the process of offloading debt was giving the Bank…...
Australia’s Sigma confirms talks over Boots takeover
2+ mon, 1+ week ago (270+ words) Pharmacy and beauty chain Boots is in talks with an Australian rival and the billionaire Weston family over a potential £7.5 billion sale. Australian pharmacy group Sigma Healthcare confirmed on Wednesday that it has held “preliminary discussions” over a takeover. The…...
Four-fifths of UK firms impacted by Iran war fallout – report
2+ mon, 3+ week ago (485+ words) Eight in 10 UK firms are suffering a hit from the Iran war and a fifth of businesses are putting investment plans on hold because of the geopolitical uncertainty, according to a report. The latest Barclays Business Prosperity index revealed 80% of…...
Price of fish and chips set to skyrocket due to Iran war and 'exceptional costs"
3+ mon, 2+ week ago (374+ words) Britain is poised to see an increase in the cost of fish and chips due to the effects of the Iran war. Whilst there will be ramifications across the board, inflation will be "likely to be largest for food prices…...