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.... The pound leapt against the dollar on the figures, which add weight to a potential rate hike by the Bank of England for the first time in a decade. Spending in clothing stores continued, the ONS said, despite price increases after the end of the busy summer period, likely to be as a result of sales promotions ending. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 12:58:06 PM
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Latest Finance News related to Price Increase

UK shoppers continue to spend despite rising prices image
Source : Guardian [Read Article] Wednesday 20th of September 2017 12:58:06 PM
.... The pound leapt against the dollar on the figures, which add weight to a potential rate hike by the Bank of England for the first time in a decade. Spending in clothing stores continued, the ONS said, despite price increases after the end of the busy summer period, likely to be as a result of sales promotions ending. ...
UK service sector growth slows as car sales fall dramatically image
Source : Guardian [Read Article] Tuesday 5th of September 2017 02:36:00 PM
....”. He said the continued weakness of sterling continued to drive price increases and consumers and businesses were feeling the pinch. ...
Value of classic cars and fine art plunges as photographs soar image
Source : Guardian [Read Article] Monday 4th of September 2017 04:54:15 PM
.... Collectors have also lost interest in rugs and carpets with 2016 prices at an 11-year low. Rare musical instruments topped the table for price increases among collectables in 2016. ...
UK petrol prices likely to soar owing to Tropical Storm Harvey, says RAC image
Source : Guardian [Read Article] Friday 1st of September 2017 12:06:40 PM
.... The price of a barrel of Brent crude oil has also nudged up again to more than $52. Williams said more price increases could follow if there was a prolonged impact on demand through the ongoing crisis in Texas. ...
Hurricane Harvey update: Petrol prices set to SOAR, drivers warned image
Source : Daily Express [Read Article] Friday 1st of September 2017 11:28:00 AM
....He added: "Americans are wedded to their petrol engines and while they have been endeavouring to become more self-sufficient through increased fracking they are now having to buy more unleaded from overseas which is reducing the availability of unleaded for the rest of the world. “We have already seen the wholesale price of unleaded increase by 5p in just the last week and the ongoing crisis in the state of Texas could have a prolonged impact on demand and, in turn, the wholesale price – so we may see further price increases on UK forecourts. ...
Lidl overtakes Waitrose as UK shoppers turn to discounters image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 07:44:32 AM
....2% for the past two months. At the current rate, price increases could add a further £138 to the average household’s annual grocery bill. ...
House prices: Northants leads Midlands 'mini-boom', says Rightmove image
Source : Guardian [Read Article] Monday 21st of August 2017 05:01:02 AM
....”. Years of rapid price increases have made London and the south unaffordable to many buyers, prompting them to look further afield. ...
Broadband deals: Stop overpaying for internet contracts image
Source : Daily Express [Read Article] Wednesday 16th of August 2017 09:20:00 AM
....You also need to know your rights. "If your provider announces a price increase to your line rental or broadband package you have the right to cancel without penalty, provided you let it know within 30 days. ...
Total UK wealth tops £10tn thanks to City and property boom image
Source : Guardian [Read Article] Monday 7th of August 2017 11:01:22 PM
.... It added that this was the fourth month in succession that prices had been dropping on a quarterly basis – the first time this had happened in five years. Russell Galley, the managing director of the Halifax bank, said the annual house price increase was the lowest seen since April 2013. ...
Big tobacco ‘manipulating cigarette prices’ to thwart taxes on smoking image
.... The number smoking it almost doubled between 2002 and 2014 and it is particularly popular among younger people. The study found that the price increase in roll-your-own was lower than that for factory-made cigarettes. ...
Guardian Media Group cuts losses by more than a third image
Source : Guardian [Read Article] Tuesday 25th of July 2017 08:00:00 AM
....The number of readers paying for print and digital subscriptions stayed stable at about 185,000 and there have been more than 190,000 one-off contributions. A cover price increase of 20p last April also helped buoy revenues. ...
Yes, the gender pay gap rules are flawed. But they’re the best hope of making things better image
.... Even if there is a bit more to come from the depreciation of sterling since the EU referendum, the next peak will not be much higher than 3%. Modern industrial capitalism tends to produce low inflation because it is a system based on competition, which keeps price increases in check. ...
Britons travelling to Europe offered just €0.88 for £1 image
Source : Guardian [Read Article] Friday 21st of July 2017 06:31:18 PM
....He said the pound’s decline since the referendum means that European hotels, meals out and pedalo hires are set to cost British holidaymakers 7% more than they did this time last year, and 21% more than in the summer of 2015. This is before any local price increases are included. ...
SSE loses 230,000 customers in 'highly competitive' UK market image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:28:01 PM
....There are now a record 58 firms in this UK market and the so-called challenger firms are gradually taking a larger share of the pie. In April, during the flurry of price increases by five of the big six suppliers, 41% of the switches were from larger firms to smaller ones. ...
Political upheaval will lead to UK economy slowing down, says Moody's image
Source : Guardian [Read Article] Tuesday 11th of July 2017 12:51:23 PM
.... S&P said a study of the data showed that some UK exporters had taken advantage of the fall in sterling to raise their prices rather than to break into new markets. The agency said that while the price increases were to some extent a matter of choice, they were likely to have been necessary for firms that relied on imports which had become more expensive as a result of the falling exchange rate. ...
Butter could cost more by Christmas, Arla boss warns image
Source : BBC [Read Article] Thursday 6th of July 2017 06:33:10 AM
....A spokesman for industry body Dairy UK said there had been "significant increases" in wholesale prices for butter and cream recently. It added: "To what degree price increases are transmitted to consumers is a matter for retailers. ...
Wrong medicine? image
Source : BBC [Read Article] Friday 30th of June 2017 09:01:07 PM
....President Trump later told Congress that a goal guiding healthcare reform should be changes to bring down the "artificially high" cost of drugs. Alarmed at the mounting pressure, several major drug companies earlier this year pledged to limit price increases to less than 10%. ...
House prices BOUNCE BACK amid election and Brexit - but London growth worst since 2012 image
.... "A city such as Birmingham is just over an hour away, for example - with people prepared to commute for that long if it means a more affordable property. The gap between house price increases across the regions has fallen significantly, according to Nationwide's index. ...
House price inflation in April at six-month high, official figures show image
....4m, while the cheapest area was Burnley, where a typical house cost £76,000. One of the UK’s biggest house price increases was in Dartford, Kent, where the average value jumped 13. ...
Chateau Brexit? Average price of bottle of wine reaches record high image
Source : Guardian [Read Article] Thursday 1st of June 2017 10:15:00 AM
....Experts predict wine prices will continue to go up as the triple whammy of Brexit, rising inflation and duty increases take their toll. Champagne drinkers face even bigger price increases. ...
Food inflation 'hits three-year high' on weak pound image
Source : BBC [Read Article] Wednesday 31st of May 2017 07:58:59 AM
....It blamed the pound, which has fallen about 16% since the Brexit vote last June, increasing costs for businesses that import goods into the UK. BRC chief executive Helen Dickinson said: "With shorter stock turnaround times, the impact of the weaker pound has already started feeding through into food prices, although food price inflation this month is still well below the input cost price increases being faced by retailers. ...
Sandbanks and Salcombe top UK seaside property league image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:01:20 AM
....“The strongest performing coastal towns in terms of growth have been north of the border in Scotland, where property prices on the Aberdeenshire coastline have been helped by the oil industry more than the sunshine,” Ellis said. The residents of the well-heeled Suffolk town of Aldeburgh have enjoyed the greatest real price increase – up from £316,000 in 2007 to £527,000 in 2017. ...
Ofcom to review charges for calls to directory inquiries services image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
.... The firm withdrew the service that connected callers to their chosen number and cost some of them three-figure sums only after The Observer investigated. In March, Ofcom told me it had deemed a price cap “not warranted”, but said it was concerned about recent price increases. ...
UK inflation jump means the 2017 voter is getting poorer | Larry Elliott image
.... And there is worse to come. The gap between price increases and wage rises is going to get wider over the coming months. ...
Theresa May to promise price cap on energy bills in Tory manifesto image
....May referred to the policy at a campaign event in Harrow West on Monday where she argued that “capping energy prices to support working families” was in the national interest. It came after five of the big six energy companies announced price increases for their standard tariffs – often the more expensive rates that 70% of people are on. ...
Sainsbury’s warns over pay squeeze as profits slide image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 10:02:09 AM
....The chief executive, Mike Coupe, said the past year had been “one of the most interesting and challenging and volatile years in my working lifetime”. After more than two years of deflation, food and fuel prices are starting to rise, driven by the devaluation of sterling and commodity price increases, and benefiting food retailers. ...
Lidl on course to surpass Waitrose and enter UK supermarket top seven image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 08:24:46 AM
....Lidl and Aldi were growing fast as a result of rapid store openings, and shoppers visiting them more often and buying more items on each visit. The discounters’ performance was also lifted by price increases. ...
Apple reports surprise drop in iPhones sales, again image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 11:06:10 PM
....9m units, another year-on-year decline, although Mac sales rose from 4m a year ago to 4. 2m with sales price increases meaning revenue grew by 14%. ...
London rents fall sharply as monthly bill drops across UK image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:03 AM
.... In London, the supply of new homes to let was up 18%, it said, but the number of tenants looking for properties had fallen by 3%. The pace of house price increases has also slowed across Britain, according to the most recent Halifax price index. ...
Asking prices for homes rise to record average of £313,655 image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
....Miles Shipside, director of Rightmove, said there were signs of a “strong spring market”, which should help to offset any jitters in the market before the general election on 8 June. The first-time buyer sector was driving the price increases, Rightmove said, after changes to previously generous tax rules deterred buy-to-let investors from competing for similar homes. ...
UK bank launches cheapest ever mortgage rate at 0.89% but there's a MAJOR catch image
....8% compared with February 2017, according to the Office for National Statistics. Kate Davies, senior statistician at the ONS, said: "This is the first time we've seen a quarterly decline since 2013, and it seems to be a consequence of price increases across a whole range of sectors. ...
Biggest fall in UK retail sales in seven years image
Source : BBC [Read Article] Friday 21st of April 2017 09:24:52 AM
.... . Kate Davies, senior statistician at the ONS, said: "This is the first time we've seen a quarterly decline since 2013, and it seems to be a consequence of price increases across a whole range of sectors. ...
Why dental floss and kippers explain your rising post-Brexit shopping bill image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:37:34 PM
.... “We hope that British-produced products such as milk will stay around the same price. But consumers should pay attention to price increases on anything coming from outside the UK. ...
REVEALED: Map shows where in Britian has seen the BIGGEST house price growth image
Source : Daily Express [Read Article] Tuesday 11th of April 2017 03:39:00 PM
.... . The map shows there is a still a stark north-south divide within the property market with most parts failing to see price increases above four per cent and certain regions even registering price falls over the year. ...
Broadband prices penalise loyal customers - Citizens Advice image
Source : BBC [Read Article] Monday 10th of April 2017 11:07:59 PM
....The cheapest broadband prices shoot up by an average of 43% or £113 a year, after introductory deals end, Citizens Advice has said. The charity said more than a third of customers were unaware of the price increases. ...
Mothercare to raise prices after pound's Brexit slide image
Source : Guardian [Read Article] Friday 7th of April 2017 06:45:25 AM
....“From the middle of the year our selling prices will move by 3% to 5% as that inflation flows through,” he said. With a focus on childrenswear Newton-Jones said the price increases would not be material – for example, adding 40p to the cost of a babygrow. ...
All we want is to record terrestrial TV, but costs are now Sky high image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:00:15 AM
.... It has refunded £50 as a goodwill gesture, which means you are, in effect, back to paying around £9 a month – but still, shamefully, almost £100 out of pocket. I’d wait for the next above-inflation price increase – which surely won’t be far off – and use your right to terminate the contract as per the Ofcom rules. ...
Champagne producers try to regain fizz as weak pound dents UK sales image
Source : Guardian [Read Article] Thursday 30th of March 2017 09:22:51 AM
....”. Producers and agents are starting to introduce price increases – typically of between 5% and 10%. ...
The Guardian view on house prices: the government lacks the political will to fix the broken market | Editorial image
....If the price of milk had risen in line with average house prices over the past 40 years, consumers would now be shelling out more than £10 for a four-pint carton: a sobering reminder of just how broken Britain’s housing market is. With price increases like these, it is little surprise the number of first-time buyers relying on family loans is now at a historic high, according to new research from the Social Mobility Commission: one in three rely on family help, and the proportion of 25- to 29-year-olds who own their home has almost halved since 1990. ...
Austerity bites? Less chocolate for your money as packets shrink image
Source : Guardian [Read Article] Sunday 26th of March 2017 12:05:16 AM
....Some of these price negotiations, which are usually carried out behind closed doors, have become high-profile public spats such as last year’s “Marmitegate” standoff between Tesco and consumer brands giant Unilever over the manufacturer’s plan to increase the price of a product range that spans Marmite, Ben & Jerry’s ice-cream and Comfort fabric softener. More recently Tesco has also removed a number of Heineken beer brands, including Amstel, Sol and Kingfisher, from its shelves after refusing to accept price increases the brewer blamed on Brexit and the budget. ...
Tesco pulls Sol, Amstel and Tiger from shelves in Brexit price row image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 03:07:10 PM
. Fans of Heineken beers including Amstel, Sol and Kingfisher will not be able to find them in Tesco for the foreseeable future after the supermarket refused to accept price increases the brewer blamed on Brexit and the budget. ...
Big Six energy companies face price caps after free market fails Brits image
Source : Daily Express [Read Article] Sunday 19th of March 2017 08:52:00 AM
.... . However, the vast majority are still stuck on expensive standard tariffs and are subjected to price increases that exceed movements in the wholesale market. ...
Sainsbury's takes inflation hit on the chin as Aldi and Lidl loom | Nils Pratley image
....Those MPs who spent Thursday beating up the big energy suppliers in parliament may also note the supermarkets’ experience. In the electricity and gas market, price increases are being blamed on different factors – rising wholesale prices and the cost of programmes to upgrade infrastructure – but the seemingly mechanical nature of the hikes is striking. ...
Low carbon drive 'cuts household bills' image
Source : BBC [Read Article] Thursday 16th of March 2017 12:13:08 AM
.... Iain Wright MP, Chair of the Commons Business and Energy Committee, said: "The government must be mindful of the burden that decarbonisation policies can place on businesses and ensure that they remain competitive. "[But] the big energy companies are too quick to blame green policies from government for unjustifiable price increases. ...
Ebook sales continue to fall as younger generations drive appetite for print image
....While ebook sales had plateaued, Bohme said it was important to remember that the figures were still higher than they were five years ago, holding a 25% share in 2016, compared with 26% in 2015 and 18% in 2012. The average ebook price increased to £7. ...
Energy companies ‘ripping off’ millions, ministers say image
Source : Guardian [Read Article] Sunday 12th of March 2017 12:05:09 AM
.... Wherever markets are not working for consumers, this government is prepared to act. ” So far this year three large companies have announced price increases of just under 10% on dual-fuel standard variable tariffs, adding about £100 a year to customers’ bills. ...
What the 2017 budget means for you image
Source : Guardian [Read Article] Wednesday 8th of March 2017 05:18:09 PM
....2017-18 Like other people on benefits the family’s income is frozen, meaning they receive the same amount as last year. They will be feeling any food and other price increases this year more than most. ...
Get ready for food inflation to take a bite out of growth | Vicky Pryce image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:37:50 PM
.... More than half of what we eat, or which goes into our food manufacturing process, comes from abroad – and half of that again is from the EU. For years, the consumer has enjoyed low prices as supermarkets contained any price increases because of intense competition. ...
Foxtons sees property sales plunge as Brexit vote hits image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:06:35 AM
....London property prices have risen sharply in recent years owing, in part, to its attraction to overseas investors. However, price increases slowed last year, partly due to a new stamp duty surcharge facing overseas investors. ...
Hopeful Britons counting on 2017 property boom image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 12:01:00 AM
....”. However, the annual rate of house price growth has almost halved over the past 11 months as buyers struggle to keep pace with price increases. ...
E.ON price rise branded 'monstrous' as users face £97 a year extra image
Source : Guardian [Read Article] Tuesday 7th of March 2017 03:32:17 PM
.... Ofgem is due to publish an update later this week on an index of costs facing suppliers; in January that index showed wholesale energy prices were rising. An Ofgem spokesman said: “In the past few weeks, suppliers have responded to increasing cost pressures by announcing price freezes as well as price increases of different levels. ...
Hammond gets budget boost as OECD upgrades UK growth forecast image
Source : Guardian [Read Article] Tuesday 7th of March 2017 10:00:39 AM
....The report sought to flag up “vulnerabilities” in some richer nations where exceptionally low interest rates have been accompanied by rising house prices. “Some countries have experienced rapid house price increases in recent years, including Australia, Canada, Sweden and the United Kingdom. ...
BT's £1.2bn Champions League splurge is price of staying in Sky game image
.... A boost is needed after the financial and reputational damage of an accounting scandal at its Italian operation and the protracted battle with the industry watchdog over the future of its broadband division. On Monday BT renewed ownership of UK broadcast rights to Europe’s biggest football tournament but had to shoulder a hefty 32% price increase, or almost £100m extra per season, to fend off Sky and buy the games exclusively until 2021. ...
BT denies squeezing customers after paying £1.2bn for Champions League image
.... Line rental has not increased, for example. I don’t think people should read that this [deal] translates to price increases. ...
Brexit budget: what leave and remain voters in Hull and London want image
Source : Guardian [Read Article] Monday 6th of March 2017 08:23:59 AM
....50 an hour) at the end of the financial year. “I need to pass on the price increases to the customer, but obviously if I go too far people won’t come. ...
Young drivers to bear the brunt as car insurance costs continue to rise image
....Ultimately, however, it appears that there is no avoiding price rises for young people in the coming months. “In the short term, young people are going to face price increases – that is a certainty,” says Khan. ...
Government intervention has led to higher energy bills, claims Lords report image
....”. However, as the report acknowledges, most of the price increases came from higher gas prices, not the 10% added by renewable energy subsidies. ...
Gas and electricity prices may have to rise further, warns industry body image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:11:24 PM
.... Such costs would make up £120 to £140 of the average annual household energy bill next year, Energy UK said. Slade refused to say whether he thought Npower’s recent electricity price increase of 15% was acceptable and said he had no knowledge of individual companies’ future pricing plans. ...
BT’s crossed wires over line rental refund image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:00:27 AM
. In light of its price increases, I contacted BT to cancel my service, as per the rules you recently reported. ...
Microsoft raises prices of some PCs by up to £400 due to Brexit image
Source : Guardian [Read Article] Thursday 16th of February 2017 09:26:41 AM
....Microsoft has increased the price of its Surface and Surface Book computers in the UK by more than 15%, or £400 for some models, due to sterling’s drop in the value post-EU referendum. The price increase comes in the wake of similar moves by Sonos and twice by Apple, which saw the cost of computers, speakers and apps rise by as much as 25%, adjusting for the falling value of sterling against the dollar, the currency in which Microsoft and other US technology firms do their accounting. ...
Energy bills to rise up to 28% for thousands in UK as fixed contracts end image
Source : Guardian [Read Article] Wednesday 15th of February 2017 02:23:09 PM
. Thousands of UK households are facing gas and electricity bill rises of up to 28% as fixed price contracts signed before recent energy price increases come to an end. ...
EpiPen alternative to hit market at more than seven times the price image
Source : Guardian [Read Article] Monday 13th of February 2017 11:00:11 AM
.... The drug was once priced at the comparatively modest $690. Evzio’s price increase followed a faltering deal with Sanofi when the company’s other product, Auvi-Q, was the subject of a broad recall. ...
UK offshore wind 'will lower energy bills' more than nuclear image
Source : Guardian [Read Article] Sunday 12th of February 2017 01:30:13 PM
....” McNeal said he found the focus solely on the cost of new low-carbon power “a little bit odd” given the other factors driving energy price rises. Three of the UK’s big six energy suppliers have announced price increases as their costs have risen, the bulk of which are higher wholesale prices. ...
Scottish Power customers to be hit by 7.8% price hike image
Source : Guardian [Read Article] Friday 10th of February 2017 12:26:20 PM
....Scottish Power’s changes would see a third of its customers hit on average with a 10. 8% price increase in electricity and a 4. ...
Private health insurance up by 4.8%, a rise of $200 a year for families image
Source : Guardian [Read Article] Thursday 9th of February 2017 10:50:25 PM
....For a single person the average yearly increase to take effect on 1 April will be about $100, and for families about $200. The price increase outstrips inflation, which rose 1. ...
Why Donald Trump can't bully China on trade image
Source : Guardian [Read Article] Thursday 9th of February 2017 11:35:27 AM
.... China has financial weapons, including trillions of dollars of US debt. A disruption of trade with China could lead to massive price increases in the low-cost stores – for example, Wal-Mart and Target – on which many Americans rely. ...
Game over! How to beat the 10% rise in the cost of your TV, phone and broadband image
.... But, as anyone who keenly checks their phone bills will have noticed, the charges imposed on customers have gone the other way, rising by 28% and 40% respectively. The telecoms firms seem to announce two price increases a year, safe in the knowledge that many households would probably rather go without water for a few days than lose internet access. ...
Npower prices hike sparks crackdown threat against energy providers image
Source : Guardian [Read Article] Friday 3rd of February 2017 10:09:47 AM
....Iain Wright, the Labour MP who chairs the House of Commons’ business, energy and industrial strategy committee, said the price hikes showed that npower took its loyal customers for granted. “This is one of the biggest price increases from a big six energy company, a company which regularly comes bottom of tables for customer service. ...
Weetabix warns it may raise prices due to fall in pound since Brexit vote image
....Like other packaged food makers, it has been squeezed by the plunging value of sterling since last June, which has raised the cost of imported goods or globally traded commodities priced in US dollars. On Monday, Weetabix said it was in discussions with retailers about price increases. ...
Drugs firms are accused of putting cancer patients at risk over price hikes image
Source : Guardian [Read Article] Saturday 28th of January 2017 02:54:55 PM
.... Turing CEO Martin Shkreli was dubbed the most hated man in America. Andrew Hill from the department of pharmacology and therapeutics at the University of Liverpool, said the price increases in the UK would be costing the NHS a huge amount of money at a time when it has said it may have to ration 20% of the very expensive new cancer drugs coming on the market. ...
Marmite maker: it was right to increase prices after Brexit vote image
Source : Guardian [Read Article] Thursday 26th of January 2017 02:20:25 PM
....“Unilever has been able to deliver solid, if not spectacular, growth in margins, sales and dividends for years. Much of this can be attributed to its €8bn advertising budget, which funds the relentless promotion of its everyday products, and helps to ensure its products feature regularly on consumers’ shopping lists, regardless of regular price increases. ...
Brexit's mixed bag: good for scotch, bad for washing machines image
Source : Guardian [Read Article] Thursday 26th of January 2017 11:58:23 AM
.... Much of this can be attributed to its €8bn (£6. 8bn) advertising budget, which funds the relentless promotion of its everyday products, and helps to ensure its products feature regularly on consumers’ shopping lists, regardless of regular price increases. ...

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