Food suppliers are cutting pack sizes and raising checkout prices in response to rising costsUK faces ‘grim winter’ as cost of living crisis quickens paceRising inflation ‘could trigger global sell-off that would harm UK’Shoppers should watch out for s…
UK faces ‘grim winter’ with households already paying £442 extra in bills
Analysts warn cost of living crisis is gathering pace amid fast rises in petrol, food and energy billsWatch out for hidden ‘shrinkflation’ price hikes, analysts warnRising inflation ‘could trigger global sell-off that would harm UK’Households face a “p…
‘It was war’: school-run parents tackle petrol crisis traffic chaos
Residents set up traffic patrol to challenge drivers forming long polluting queues near London schoolBounds Green primary school sits on a road so busy it has a bridge for a pedestrian crossing. Even on a good day the air is acrid, suffused by mephitic…
‘Economically illiterate’: PM’s Tory conference speech gets frosty reception
Next boss, thinktanks and unions criticise Boris Johnson, saying ‘shortages cannot be blustered away’Business leaders rounded on Boris Johnson for lacking a coherent economic plan after he delivered a boosterish conference speech that made barely a men…
Does the UK have a wage problem?
Business leaders have hit back at Boris Johnson over claims they allowed Britain to become a low-wage and low-skilled economyBritain’s businesses stand accused of allowing the UK to become a low-wage, low-skilled and low-productivity economy bedevilled…
UK petrol prices are closing in on all-time high, warns RAC
Cost per litre nears the record 142.48 set in April 2012, stoked by global demand outpacing supply rather than UK fuel shortagePetrol prices could reach all-time highs before Christmas, the RAC warned, signalling “misery” for motorists still reeling fr…
Boris Johnson to brush off petrol queues as ‘change of direction’
Prime minister will tell Tory conference that despite the supply chain crisis a bright future lies aheadBoris Johnson will brush off petrol queues and empty shelves as evidence of a “change of direction” towards a high-wage economy on Wednesday, as he …
Two in three UK firms expect to raise prices in Christmas run-up, poll finds
BCC warning comes as Greggs flags price pressures amid surge in fuel and energy costsNearly two-thirds of UK manufacturers expect to raise their prices in the run-up to Christmas after being hit by mounting cost pressures, a leading employers’ group ha…
Frozen turkeys in high demand as Christmas shopping starts early
Aldi selling four times usual amount of turkey crowns as consumers heed warnings over festive shortagesIt is not even Halloween yet, but shoppers have already started their Christmas shopping in earnest with Aldi reporting runaway demand for frozen tur…
IMF cuts global economic forecast as pandemic ‘hobbles’ growth
Fund chief Kristalina Georgieva says most serious obstacle to full recovery remains Covid vaccine divide between rich and poor statesThe head of the International Monetary Fund has warned the world economy remains “hobbled” by the Covid-19 pandemic as …