All Economics articles
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NewsSunak: ‘Challenging backdrop of rising inflation’
Chancellor Rishi Sunak has warned inflationary pressures will continue to buffet the UK economy, and is forecast to average 4% next year
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NewsEat Out to Help Out propels inflation to nine-year high
Inflation has soared to its highest level in nine years, with the Office for National Statistics (ONS) claiming this is down to last year’s Eat Out to Help Out scheme.
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NewsONS data points to a possible recovery plateau
Hospitality could be experiencing a slowing in the recovery of consumer activity, weekly data compiled by the ONS has suggested.
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NewsHospitality sector drives 40% of Q2 GDP growth
The reopening of indoor dining helped underpin UK GDP growth during Q2 2021. Analysis from UKHospitality shows the hospitality sector was responsible for 40% of total economic growth from Q1 to Q2 2021, with Kate Nicholls calling on the Government for business rate reform and a permanently lowered rate of VAT.
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NewsLuke Johnson: ‘Terrible trade-off’ lies ahead in virus fight
Luke Johnson has warned the UK could face a “Great Depression” and would have to decide if the containment measures were worth the “collateral damage” of falling living standards and damage to mental health.
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NewsRising food prices push up inflation to five-year high
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.
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News
Consumer confidence rebounds from post-brexit low
UK consumer confidence has staged a slight recovery from its lowest level since just after the Brexit vote
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News
Business confidence slumps to lowest level since last year
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 A monthly survey shows that overall business confidence among 200 companies with a turnover of at least £1m, fell by ...
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Analysis & Insight
Consumer confidence lowest since Brexit vote
Worries about the economic outlook and a squeeze on household budgets has dented consumer confidence
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Analysis & Insight
Consumer confidence drops for third quarter in a row
UK consumer confidence has dropped for the third quarter in a row with a three percentage point fall in the three months to June
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News
Disposable income falls at steepest rate since 2013
British families suffered steepest drop in disposable income for almost four years last month
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News
Consumer spending slowed in May
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.
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Analysis & Insight
Consumers continue to spend on “experience economy”
Consumers spent 5.5% more year-on-year in April as a late Easter and inflation drove noticeable uplifts
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Analysis & Insight
Hospitality sector spending up in April
Rising inflation and wage stagnation caused a slowdown in UK household spending growth to 0.5% year-on-year in April
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News
Entertainment spend up 10.8% in February
Consumers spent 4% more year-on-year in February with entertainment spend up 10.8%.
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News
Restaurants help boost strong UK GDP for 2016
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.
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News
Fundamental’ Brexit effect on food and drink prices expected
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.
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News
CBI expects faster growth in next quarter
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.
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News
Food prices suffer biggest fall
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
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Analysis & Insight
Consumer spending growth at weakest level
Consumer spending grew at the weakest rate seen in over two years in the run-up to the EU referendum