Economy

Inflation falls in August but remains near 40-year high

UK inflation eased slightly in August to 9.9%, down from 10.1% in July, but remains near a 40-year high as…

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Economic recovery slows in July

The UK economy’s growth slowed in July to 0.2% according to the latest figures from the Office for National Statistics…

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Platinum jewellery sales continue global recovery

Platinum jewellery sales have continued to recover in the key markets of India, Japan and the United States in the…

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Energy bills to be capped at £2,500 a year from October

Prime minister Liz Truss has announced today that energy bills for typical households will be capped at £2,500 annually for…

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UK retail sector M&A deals increase 21% on last year

The number of M&A deals targeting UK retailers has increased by 21% in the last year, up from 28 transactions…

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Footfall recovers in August despite cost of living crisis

Footfall has strengthened across UK retail destinations in August 2022 to -13.2% below 2019 compared with -14.2% in July 2022,…

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Energy price cap to rise by 80% to £3,549 from October

Ofgem has confirmed that the energy price cap will increase by 80% to a record £3,549 a year for dual…

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Brits to have more considered Christmas as inflation bites, says eBay

The impact of inflation means consumers will be prioritising value for money and thoughtful gifting this festive season, according to…

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Heatwave helps boost retail sales 2.3% in July

Retail sales increased 2.3% in July as the heatwave experienced across the UK helped boost demand for “hot weather essentials”,…

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UK recession can be averted, claims Truss

In an interview with Sky News’s Kay Burley last night (4 August), foreign secretary Liz Truss claimed she could avert…

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