Topic filter : Rising Prices

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.... Economists do not expect the general election to change the economic outlook for this year – assuming the Conservatives are re-elected with an increased majority. Consumer spending has been strong and the main driver of UK economic growth, but economic surveys and the latest retail sales figures suggest spending started cooling markedly at the beginning of this year as shoppers felt the pinch from rising prices. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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....The prime minister will be hoping the resilience seen in the UK economy will hold over the coming months now that she has called an election for this June. But the Guardian’s monthly tracker of economic news shows living standards are already falling as rising prices outpace meagre pay growth. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 10:38:58 AM
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....The Lib Dem spokeswoman Susan Kramer said: “Theresa May’s plans for a divisive hard Brexit and savage cuts to benefits will leave millions of working families worse off. Three million households will be hit to the tune of £2,500 a year as a result of cuts to tax credits, rising prices and the falling pound. ... [Read full article on Guardian ]
Thursday 27th of April 2017 04:57:27 PM
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Latest Finance News related to Rising Prices

Poor working families face big losses from benefit cuts, says IFS image
Source : Guardian [Read Article] Thursday 27th of April 2017 04:57:27 PM
....The Lib Dem spokeswoman Susan Kramer said: “Theresa May’s plans for a divisive hard Brexit and savage cuts to benefits will leave millions of working families worse off. Three million households will be hit to the tune of £2,500 a year as a result of cuts to tax credits, rising prices and the falling pound. ...
Brexit economy: living standards are falling as the snap election looms image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:38:58 AM
....The prime minister will be hoping the resilience seen in the UK economy will hold over the coming months now that she has called an election for this June. But the Guardian’s monthly tracker of economic news shows living standards are already falling as rising prices outpace meagre pay growth. ...
Inflation puts the brakes on Britain's economic activity image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
.... Economists do not expect the general election to change the economic outlook for this year – assuming the Conservatives are re-elected with an increased majority. Consumer spending has been strong and the main driver of UK economic growth, but economic surveys and the latest retail sales figures suggest spending started cooling markedly at the beginning of this year as shoppers felt the pinch from rising prices. ...
Next slashes Wolfson's pay by half after profits slide image
Source : BBC [Read Article] Tuesday 18th of April 2017 06:35:51 PM
....Last month Next warned of a tough year ahead as it reported a 6% fall in 2016 profits to £790m. The fashion and homewares retailer blamed a combination of factors, with its customers' incomes being squeezed by rising prices, forcing them to rein in their spending on clothes. ...
Beijing bans property ads promising high returns and good feng shui image
. Online property portals in Beijing have been forced to remove "illegal information" in an attempt to curb rising prices in the capital. ...
Inflation is only going one way. Let's hope interest rates don't follow | Larry Elliott image
....The next thing for the MPC to consider is whether there is a risk of inflation becoming entrenched. That would happen if rising prices led to workers successfully negotiating higher wages to compensate them for the hit to living standards. ...
UK inflation rate remains at 2.3% image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:32:36 AM
. UK inflation held steady last month, as rising prices for food and clothing were offset by lower air fares. ...
Fashion for gluten- and dairy-free continues to grow image
Source : BBC [Read Article] Tuesday 4th of April 2017 11:40:54 AM
.... The price of everyday goods is up by 2. 3% compared to this time last year, and rising prices cost the average household an additional £21. ...
Bank of England sounds new alarm over consumer credit binge image
Source : Guardian [Read Article] Tuesday 4th of April 2017 11:21:46 AM
....”. The Bank’s latest remarks on household debts follow signs that rising prices and sluggish wage growth are squeezing incomes and prompting some households to run down savings or turn to loans to cover their living costs. ...
China's young locked out of Beijing's property market image
Source : BBC [Read Article] Monday 3rd of April 2017 08:17:18 AM
....Demand for property in China's top cities is so red hot, some couples are even undergoing fake divorces in order to buy additional homes. China's central bank has tried to clamp down on rising prices but that has done little to allay the woes of young workers who earn low wages. ...
Osborne’s huge tax giveaway starts for rich – as the poor are hit image
Source : Guardian [Read Article] Saturday 1st of April 2017 11:05:38 PM
....“These amount to unwise giveaways to richer households and unjustifiable takeaways from less well-off families. The result is higher inequality and a decision to squeeze living standards for low- and middle-income families at a time when rising prices are already outstripping wage growth. ...
New pound coin: £1 would be worth more than THREE times as much as original counterpart image
....The first £1 pound coin was introduced in 1983, but what you could buy for a quid then would now cost £3. 10p now after 34 years of rising prices. ...
UK retail sales shrug off Brexit fears with February rise image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:37:42 AM
....Chris Williamson, the chief business economist at IHS Markit said: “The consumer, which has provided the main engine of UK economic growth in recent years, is showing signs of running out of steam. Looking at the underlying trend, retail sales are falling at the fastest rate for seven years as households struggle with rising prices and subdued pay growth. ...
UK inflation rate leaps to 2.3% image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:34:06 AM
.... . Chris Williamson, chief business economist at Markit, said: "It remains likely that policymakers will adopt an increasingly dovish tone in coming months, despite the rise in inflation, as the economy slows due to consumers being squeezed by low pay and rising prices. ...
Interest rate rise is further away than MPC vote suggests image
Source : Guardian [Read Article] Thursday 16th of March 2017 05:50:07 PM
....6%, but this is as good as its gets for a while. Welfare cuts and rising prices will squeeze real incomes and choke off consumer spending in the months ahead. ...
UK interest rates kept on hold at 0.25% image
Source : BBC [Read Article] Thursday 16th of March 2017 12:38:45 PM
....Earlier on Thursday, the supermarket chain Sainsbury became the latest retailer to warn of the pressure to raise prices. Other MPC members noted consumers were turning more cautious amid slowing wage growth and rising prices. ...
UK unemployment falls to joint lowest rate since 1975 but wages stall image
Source : Guardian [Read Article] Wednesday 15th of March 2017 11:27:55 AM
....Frances O’Grady, the general secretary of the TUC, said the prime minister must put a stop to the slide in living standards. “Workers are facing the double whammy of rising prices and slower pay growth. ...
Budget deficit beyond 2025 warns spending watchdog image
Source : BBC [Read Article] Monday 13th of March 2017 09:26:55 PM
....4% in November to 2%. It said the rise is being driven by consumer spending which will slow down as rising prices squeeze consumer budgets. ...
How free market helped big six energy firms to rack up huge profits image
Source : Guardian [Read Article] Sunday 12th of March 2017 12:05:09 AM
....Mckay’s problem is shared by about one in 10 households across the country who are classed as in fuel poverty. Ofgem, the energy regulator, is introducing a price cap on pre-payment customers from April, but the majority of people in fuel poverty have standard meters, and everyone will be affected by rising prices. ...
Domino's feels the heat as Pizza Hut takes a slice out of sales image
Source : Guardian [Read Article] Thursday 9th of March 2017 03:00:22 PM
....“Looking forward, the UK consumer environment is more difficult,” he said. “Our research tells us that customers are worried about rising prices. ...
UK economy will grow 2% this year but slow next, OBR predicts image
Source : Guardian [Read Article] Wednesday 8th of March 2017 07:58:42 PM
. The UK economy will confound forecasts for a Brexit-related slowdown through 2017, but will then quickly run out of steam as rising prices hit consumer spending, the Office for Budget Responsibility has predicted. ...
Budget 2017: NHS, families, cars - your questions answered image
Source : BBC [Read Article] Wednesday 8th of March 2017 05:14:18 PM
...."The recent sterling depreciation raises inflation while nominal earnings growth increases slightly" it explains. In other words, rising prices will squeeze real incomes. ...
Food inflation doubles in a month as UK shoppers start to feel the pinch image
....The rise in food prices ends a run of falling costs that began in September 2014 as supermarket competition in the sector intensified and companies stepped up price wars. Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, said that supermarkets including Tesco, Sainsbury’s, Asda and Morrisons – the so-called big four – were now benefiting from rising prices. ...
UK workers' wages fell 1% a year between 2008 and 2015, TUC says image
Source : Guardian [Read Article] Monday 27th of February 2017 12:01:43 AM
....It added that the ranking was unlikely to improve soon, with recent figures showing a new slowdown in earnings growth. UK workers also face renewed pressures from rising prices. ...
British Gas says competition has hit profits image
Source : BBC [Read Article] Thursday 23rd of February 2017 09:02:22 AM
....However, the government is concerned that two-thirds of all energy consumers remain on standard tariffs, which are the most expensive deals. British Gas recently announced it was freezing its tariffs until August, against a backdrop of rising prices at some other large energy companies. ...
Low-income families have less than £100 put away, report finds  image
Source : Daily Express [Read Article] Monday 20th of February 2017 09:24:00 AM
.... . "With inflation climbing fast, families are understandably concerned about the impact of rising prices on the household purse. ...
One in four UK families have less than £95 in savings, report finds image
Source : Guardian [Read Article] Monday 20th of February 2017 07:01:30 AM
.... It is expected to rise to about 3% early next year, as the sharp fall in the pound since the Brexit vote pushes up the price of goods imported from overseas. Brencher said: “With inflation climbing fast, families are understandably concerned about the impact of rising prices on the household purse. ...
Savers need a balancing act to beat inflation image
Source : Guardian [Read Article] Monday 20th of February 2017 07:00:31 AM
....com, says the historically high returns in the rental market have disappeared, but property “is always going to win” when compared to savings rates in banks and building societies. “In a strong housing market landlords will benefit from rising prices, and in a flat economy the asset of a flat, apartment or house will still generate a rental income and so remains a useful asset to investors. ...
Tackle your debts while interest rates are at lowest image
Source : Daily Express [Read Article] Sunday 19th of February 2017 11:59:00 AM
.... . Head of financial education Jeanette Makings says young people are struggling with student debt, low incomes and rising prices: “They earn entry-level salaries and are often saddled with debt, so it can be overwhelming to consider saving towards a pension or a property. ...
Brexit vote begins to bite as rising food and fuel bills hit retail sales image
Source : Guardian [Read Article] Friday 17th of February 2017 12:51:52 PM
.... Jobs market data this week showed wage growth slowed at the end of last year despite unemployment remaining at its lowest rate for more than a decade. “These figures provide the clearest evidence yet that rising prices will squeeze consumer spending throughout this year and into 2018,” said Andrew Sentance, senior economic adviser at the consultancy PwC. ...
Waitrose voted UK's best supermarket image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:01:26 AM
....The consumer group also asked more than 4,700 people about their experience of using convenience stores, with M&S Simply Food stores coming top and stalwarts Budgens, Nisa and Spar at the bottom. “With concerns over rising prices, the competition among supermarkets is fiercer than ever,” said Richard Headland, Which? magazine editor. ...
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
.... Of the big six providers, Scottish Power’s online fixed saver is one of the cheaper deals. Stephen Murray, energy expert at Moneysupermarket, said: “The energy market is really unpredictable at the moment and a huge part of that is rising prices. ...
Days of low inflation are over with UK consumer finances to take a hit | Larry Elliott image
....It was nice while it lasted, but the days of ultra-low inflation are over – at least for the time being. The year ahead is going to be marked by rising prices and squeezed living standards, but the pickup in the cost of living needs to be put in perspective; January’s increase was smaller than expected, and the result of prices falling less sharply than they did a year ago. ...
Weak pound and rising inflation push clothing spend to five-year low image
Source : Guardian [Read Article] Monday 13th of February 2017 12:01:00 AM
....”. Last month official figures showed Britain’s retailers suffering a surprise end-of-year slump in sales, which analysts suggested was a sign that rising prices since the Brexit vote are starting to hurt people’s spending power. ...
Bank of England sharply raises UK growth forecast image
Source : Guardian [Read Article] Thursday 2nd of February 2017 12:46:31 PM
....“People on lower incomes can’t rely on economic growth alone to raise their living standards,” said the foundation’s chief executive, Campbell Robb. “Less wealthy families spend more of their income on basics like the weekly shop, meaning that they are hit harder by rising prices. ...
UK growth forecast upgraded amid warning over inflation image
Source : Guardian [Read Article] Wednesday 1st of February 2017 06:30:09 AM
.... That was the biggest year-on-year increase since the bank started compiling its spending report in February 2013. The bank also found further evidence that households were growing more worried about rising prices as the weak pound makes imports to the UK more expensive and that gets passed on to consumers. ...
Brexit economy: weak pound stokes inflation as jobs market cools image
Source : Guardian [Read Article] Wednesday 25th of January 2017 11:09:22 AM
....Official figures this week are expected to confirm the economy enjoyed a strong finish to 2016 as companies and consumers continued to shrug off the shock of the Brexit vote. But signs of a spending slowdown, corporate jitters around the triggering of article 50 and rising prices point to a more challenging growth outlook in 2017. ...
UK labour market shows signs of slowing image
Source : Guardian [Read Article] Wednesday 18th of January 2017 10:32:28 AM
....The senior policy analyst Laura Gardiner said: “Pay growth is set to change rapidly as inflation picks up. The big question for this year is whether pay settlements respond to rising prices and a tight jobs market. ...
OAPs are using their homes to top up retirement spending image
Source : Daily Express [Read Article] Tuesday 17th of January 2017 04:00:00 PM
....”. Kate Smith, head of pensions at Aegon, said rising prices hit pensioners on fixed incomes hard. ...
UK economy is overheating and veering towards stagflation image
Source : Guardian [Read Article] Monday 16th of January 2017 07:00:17 AM
.... While a recession may not be in store in 2017, slower growth almost certainly is. If this unpleasant, “stagflationary” mix of sharply rising prices yet slowing growth sounds a bit like what occurred in the 1970s, that’s because it is. ...
Last-minute Christmas rush lifts UK retail sales image
Source : Guardian [Read Article] Tuesday 10th of January 2017 12:01:18 AM
....“This could be an early indication of things to come as consumers seem to have entered 2017 with more caution, citing worries about inflation and the triggering of article 50. Looking ahead, all eyes will be on whether this year will see households begin to feel squeezed by rising prices, leading to a sustained fall in consumer spending on discretionary items in favour of their day-to-day essentials. ...
UK factories wary of sterling's fall and rising costs in new year image
Source : Guardian [Read Article] Monday 26th of December 2016 04:49:56 PM
.... Its poll of 1,775 manufacturers showed 56% felt that the exchange rate was more of a concern to their business than three months ago, up from 48% in September. There was also an increase in the proportion worried about rising prices, reflecting official figures for November that showed manufacturers faced the sharpest rise in their costs for five years. ...
UK interest rates are going nowhere in 2017 image
Source : Guardian [Read Article] Thursday 15th of December 2016 01:22:56 PM
....There are two added complications. The first is that the Bank knows inflation is going to breach its 2% target next year but it doesn’t know by how much, or whether rising prices will feed through into higher wage settlements. ...
Retail sales rise thanks to Black Friday boost in November image
Source : Guardian [Read Article] Thursday 15th of December 2016 11:33:01 AM
....”. Chris Williamson said it was understandable that retailers would feel buoyant after they enjoyed the strongest three-month spell of growth for almost two years in the third quarter, but figures for October and November showed “cracks may be appearing in the willingness of consumers to keep spending in the face of rising prices and wider financial worries”. ...
Inflation hits highest level in more than two years image
Source : Guardian [Read Article] Tuesday 13th of December 2016 09:35:40 AM
....Frances O’Grady, the TUC general secretary, said rising inflation posed a threat to living standards in the UK. “Working people are facing over a decade of lost wage growth, with rising prices hitting their pay packets again. ...
House prices to rise 2% in 2017, says Rightmove image
Source : Guardian [Read Article] Monday 12th of December 2016 12:01:41 AM
....Sellers entering the market over the past month have priced properties 2. 1% lower than those putting homes up for sale the previous month, at an average of £299,159, but Rightmove said it expected next year to be a seventh consecutive year of rising prices. ...
Demand is weak and investment’s faltering. That’s OK then image
Source : Guardian [Read Article] Sunday 4th of December 2016 07:00:07 AM
.... Could it be that rising inflation will spoil the party? Only a few weeks ago, Theresa May, Philip Hammond and the rest of the cabinet could have been forgiven for worrying about the impact of inflation after most economic forecasters predicted it was about to send shop prices sky-rocketing. And, worse, more of the same is expected next year, with rising prices eating into disposable incomes to more than halve Britain’s GDP growth rate. ...
10 economic consequences of Donald Trump's election win image
Source : Guardian [Read Article] Monday 28th of November 2016 01:18:08 PM
.... Given the likelihood of additional trade protectionism and measures to remove immigrant workers, the increase in inflation and long-term interest rates could be quite dramatic. The impact on financial markets will be disruptive, regardless of whether the Fed aggressively tightens monetary policy to pre-empt rising prices or lets the economy “run hot” for a year or two, allowing inflation to accelerate. ...
Zimbabwe note launch stokes currency fears image
Source : BBC [Read Article] Monday 28th of November 2016 11:18:52 AM
....Inflation rates reached 231,000,000%. To keep up with the rising prices, a 100 trillion dollar note was issued - enough for a weekly bus ticket - before the Zimbabwean dollar was scrapped in 2009. ...
'Life's hard at times' image
Source : BBC [Read Article] Tuesday 22nd of November 2016 03:59:10 AM
.... . But there is limited money available to help voters left behind by globalisation, those whose living standards could be further eroded next year by falling growth and rising prices. ...
Don’t teach Brexit schoolkids about Tennyson: teach them maths image
Source : Guardian [Read Article] Sunday 20th of November 2016 07:00:30 AM
....Which brings us to the autumn statement this week, and what Philip Hammond will do to offset the worst effects of the uncertainty in the first instance, and the long-term damage thereafter, of leaving the EU. His focus must be helping low- and middle-income families to cope with rising prices. ...
The Observer view on the autumn statement | Observer editorial image
Source : Guardian [Read Article] Sunday 20th of November 2016 12:05:22 AM
.... Cuts to universal credit alone will cost a single working parent £2,800 a year by 2020 and the benefits freeze will be felt even more sharply in the context of rising inflation. Together with the worsening economic outlook in the wake of Brexit, forecast to result in continued poor wage growth and rising prices, these benefit cuts will leave many “just working” families thousands of pounds worse off by the end of this parliament. ...
UK retail sales surge due to colder weather and Halloween image
Source : Guardian [Read Article] Thursday 17th of November 2016 11:05:12 AM
....“Such strong growth is clearly unsustainable, and cracks are in fact already appearing. Survey data highlight how households are struggling to support existing spending due to weak income growth and rising prices, and how this negative trend is likely to intensify in coming months,” he said. ...
Homebuyers return but struggle to find suitable properties, says Rics image
Source : Guardian [Read Article] Thursday 10th of November 2016 12:01:17 AM
.... The combination of growing demand and falling supply pushed up house prices further, with 23% more surveyors reporting growth than a decline, up from a net balance of 18% in September. London remained an exception where prices fell for the eighth month, with 16% more surveyors reporting falling rather than rising prices. ...
Typhoo Tea: Cost of a cuppa to go up image
Source : BBC [Read Article] Friday 28th of October 2016 08:12:13 PM
....". The news comes amid warnings of rising prices in the grocery sector, and with supermarket chain Morrisons increasing the cost of a jar of Marmite by 12. ...
Court-free clickable bankruptcy 'removes stigma' image
Source : BBC [Read Article] Friday 28th of October 2016 11:50:47 AM
....In the year to the end of September, one in 515 adults in England and Wales became insolvent. Jane Tully, from the Money Advice Trust, the charity that runs National Debtline, said: "Given the economic uncertainty in the current climate, rising prices and the long-term trend of an increase in consumer credit, our concern remains for the minority of households that are struggling financially or are relying on credit to make ends meet. ...
Warm weather subdues UK's September retail sales image
Source : BBC [Read Article] Thursday 20th of October 2016 09:16:57 AM
.... . "On the whole, consumers react to their personal experience of the economy in terms of their job security, rising prices in the shops and what happens to their wages. ...
Why your coffee could cost more image
Source : BBC [Read Article] Tuesday 18th of October 2016 12:36:02 PM
....Compared to a year before it was up by 1%, the highest rate of inflation since November 2014, pushed up by petrol, clothes and hotel prices. The Office for National Statistics said so far there was "no explicit evidence" the lower pound was the reason for rising prices. ...
UK inflation at 1% as price of clothes and fuel rises image
Source : BBC [Read Article] Tuesday 18th of October 2016 08:33:31 AM
....September's inflation figure has traditionally been crucial because it decided what rate benefits would increase by in the following year. However, with the government having frozen many benefits and tax credits until 2020, many families will no longer see them keep up with rising prices. ...
Inflation means inflation image
Source : BBC [Read Article] Monday 17th of October 2016 11:20:43 PM
....Nowadays, substantial pay rises are harder to come by, so a lower level of inflation can have a bigger effect on living standards. If we have to spend more money on goods while our salaries fail to keep pace with rising prices, then we are all likely to suffer to some degree. ...
Confidence in housing market rising after Brexit vote, say surveyors image
Source : Guardian [Read Article] Wednesday 7th of September 2016 11:01:05 PM
.... This was felt most strongly in East Anglia and the West Midlands. Rics said a key factor in supporting the rising prices was the continued shortage of stock for sale, with stock on estate agents books approaching the record low posted in December 2015. ...
Funeral costs can see you digging deep, but small directors ease the pain image
Source : Guardian [Read Article] Saturday 3rd of September 2016 06:00:24 AM
.... Prices in the table are for a standard funeral, including the cost of a coffin, hearse and professional service fees, but do not include disbursements such as the cemetery or crematorium costs, which will vary according to individual councils. In response to the rising prices, a growing number of groups and businesses are fighting for fairer pricing of funerals. ...
Pensions still a great way to save for retirement  image
Source : Daily Express [Read Article] Wednesday 31st of August 2016 07:50:00 AM
....Housing costs . You can earn income of around 5 or 6 per cent a year from a buy-to-let rental property plus capital growth from rising prices, but you also have plenty of expense and effort. ...

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