Economy – Page 3
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NewsFSA given £1.4m funding to open innovation hub for novel foods
‘There is growing interest in the potential of new technologies to increase the UK’s food security’ said FSA chair Susan Jebb
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Comment & OpinionSpring statement 2025: no crumbs of comfort for food businesses
Today’s statement was never going to be a game-changer – but as inflation begins to fall, can the food industry and retail find a silver lining?
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NewsFood inflation steady at 3.3% as industry braces for spring budget
There was good news for fish shoppers with prices down 0.7%
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NewsCity snapshot: Consumer confidence remains fragile ahead of spring budget
Consumer confidence has made a marginal improvement ahead of next week’s spring budget but there were no signs of any real recovery, according to a closely watched survey out this morning
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NewsMedia Bites 17 March: recession fears, Sainsbury’s boss on WFH, Reeves to cut red tape
Thinktank The Resolution Foundation warns Chancellor Rachel Reeves is to ’break her own fiscal rules’
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NewsMedia Bites 4 March: Trump tariffs, inflation, obesity
US President Donald Trump rolls out tariffs on his neighbours and China, while UK food and drink inflation continues to grow
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NewsCity snapshot: Business confidence rebounds in February
Business confidence turned positive in February, bouncing back to a post-election high, according to a survey out this morning
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NewsIndia trade deal talks resume as government eyes exports boom
The UK and India have resumed negotiations towards a trade agreement, as British ministers landed in the south east Asian nation on Monday eyeing a deal to help grow the economy
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NewsCity snapshot: Food sales jump as shoppers stay home
Retail sales bounced back in January with a bigger-than-predicted rise thanks to strong growth in food stores as people ate more at home to save money, according to new official figures. Plus, consumer confidence also improved in February
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NewsMedia Bites 20 February: Trump tariff backlash, Tesco apologises over online glitch
Minutes US Federal Reserve’s January meeting revealed members of its committee believe Trump’s policies might ’hinder the disinflation process’
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NewsCivil unrest in 2024 affected one in four businesses
Retailers and shop owners are still reeling from a series of protests and riots that took place across the UK last year
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NewsMedia Bites 18 February: Pret’s water bill, job cuts, Asda/Sainsbury’s merger
The pick of the retail news and headlines from Tuesday 18 February
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NewsCity snapshot: UK employers weigh up wave of redundancies to cope with tax rises
Businesses across the UK are scaling back on hiring new staff and stepping up redundancy programmes in reaction to the fresh wave of employment taxes following the Labour budget, according to a new survey released this morning
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Analysis & FeaturesWhat does Trump’s tariff showdown mean for UK food and drink?
The US president’s unpredictable approach to bringing in tariffs has upset global markets. The UK may not escape the crossfire
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NewsMedia Bites 6 February: interest rates, M&S and Brexit, Tesco eyeing Post Office branches
Interest rates look likely to fall today due to a sluggish economy and a softening in the labour market
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Comment & OpinionWhy Tesco’s ‘biggest ever Christmas’ didn’t prevent it from cutting jobs
Just 21 days have passed since Tesco said sales were up 4% over Christmas – but today’s job cuts meant that success was short-lived
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NewsMedia Bites 29 January: Rachel Reeves speech, Diageo, WH Smith and Starbucks
Chancellor Rachel Reeves will give a speech later this morning
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NewsJanuary promotions keep prices down, but tough times are ahead
Food inflation eased yet food prices continue to rise at their fastest rate since April 2024
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NewsCity snapshot: Consumer confidence sinks and more businesses teeter on the edge of collapse
Confidence in the UK economy has plummeted as consumers worry about ‘dark days’ ahead, according to a closely watched survey out this morning. Plus, there has been a ‘worrying surge’ in the number of UK businesses entering ‘critical’ financial distress in the final quarter of 2024
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NewsChristmas retail deflation likely to be temporary reprieve
Shop prices fell in December, according to the monthly BRC-NIQ shop price index, but the report predicts economic headwinds this year will see the return of higher prices