“In addition, rising taxes and borrowing costs, as well as elevated inflation, will squeeze households’ purchasing power, while the lingering effects of supply chain bottlenecks together with a persistent shortage of labour could constrain production this year.”
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Banks fail in bid to share cost of refunding scam victims
admin, , Business, 0
Katy Worobec, managing director of economic crime at UK Finance, said: “The interim funding pot was originally set up...
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Hospitality suppliers: ‘It’s not just a case of turning on a switch’
admin, , Business, 0
“A menu is made up of a variety of items that includes frozen foods, long-life ambient foods, but also...
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Full embargo on oil could stop war – ex-Putin aide
admin, , Business, 0
Last week, amid tensions with Europe over how gas would be paid for, President Putin said that “key indicators”...
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Flu jab delay due to lorry driver shortage
admin, , Business, 0
Seqirus, which supplies vaccines to GP practices and pharmacies in England and Wales, said: “Due to unforeseen challenges linked...
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Craft beer industry accused of being ‘sexist boys’ club’
admin, , Business, 0
Another bar worker says: “I worked as a barmaid in an independent craft ale pub. One night after closing...
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Tesco vows to rein in prices as profits treble
admin, , Business, 0
However, products that require a lot of energy to produce are experiencing the highest cost pressures. Tesco accepted a...
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UK economic growth slows sharply in February
admin, , Business, 0
Alpesh Paleja, lead economist at the CBI, a business lobby group, said: “Near-term challenges to the outlook have ramped...
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More than 20 councils replacing pay and display parking machines with apps
admin, , Business, 0
The BBC collated figures for 244 councils across England, which are responsible for parking. Out of the 242 councils...
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