Economy News

Rising food prices push up inflation to five-year high

18 Oct 2017

Rising food prices were one of the main contributors to the Consumer Price Index (CPI) rate of inflation reaching a five year high of 3% in September 2017.

Consumer confidence rebounds from post-brexit low

31 Aug 2017

UK consumer confidence has staged a slight recovery from its lowest level since just after the Brexit vote

Business confidence slumps to lowest level since last year

31 Aug 2017

Businesses are feeling less confident about the economy and their own trading prospects than they have at any point during the last year, according to new research by Lloyds Bank

Consumer confidence lowest since Brexit vote

28 Jul 2017

Worries about the economic outlook and a squeeze on household budgets has dented consumer confidence

Consumer confidence drops for third quarter in a row

18 Jul 2017

UK consumer confidence has dropped for the third quarter in a row with a three percentage point fall in the three months to June

Disposable income falls at steepest rate since 2013

30 Jun 2017

British families suffered steepest drop in disposable income for almost four years last month

Consumer spending slowed in May

06 Jun 2017

Consumer spending growth slowed to 2.8% in May – despite Brits continuing to spend on the ‘experience economy’ – as overall confidence in household spending power cooled in response to inflation.

Consumers continue to spend on “experience economy”

09 May 2017

Consumers spent 5.5% more year-on-year in April as a late Easter and inflation drove noticeable uplifts

Hospitality sector spending up in April

08 May 2017

Rising inflation and wage stagnation caused a slowdown in UK household spending growth to 0.5% year-on-year in April

Entertainment spend up 10.8% in February

08 Mar 2017

Consumers spent 4% more year-on-year in February with entertainment spend up 10.8%.

Restaurants help boost strong UK GDP for 2016

27 Jan 2017

UK GDP increased by an estimated 0.6% in Q4 2016, driven by a strong performance in the service sector, with hotels and restaurants singled out for performing particularly well, according to the latest data released by the ONS.

Fundamental’ Brexit effect on food and drink prices expected

06 Dec 2016

Brexit will have a fundamental impact on food and drink prices, with foodservice inflation expected to rise by 3.4% in 2017 alone, David Read, chief executive of Prestige Purchasing has warned.

CBI expects faster growth in next quarter

28 Nov 2016

The latest figures from the CBI have shown “a modest increase” in business volumes in the consumer services sector but with expectations of faster growth in the next three months.

Food prices suffer biggest fall

05 Oct 2016

Food prices in Britain saw their biggest ever fall in September while overall shop prices fell at a slower rate compared to the previous month

Brexit uncertainty hits UK business

11 Jul 2016

Uncertainty around Brexit has dragged UK business output and optimism to three-year lows, according to new research from BDO

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