Economy – Page 3
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NewsBRC blames ballooning bills for poor May footfall
The BRC has blamed high household bills for May’s “disappointing” footfall figures, as consumers proved reluctant shoppers despite the warmest start to May on record
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NewsLarge food manufacturers at their most confident in a decade, says BDO survey
BDO surveyed 100 UK food and drink manufacturers with a turnover of between £10m and £300m
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NewsBrits put brakes on spending as retail growth slows
Food was the main driver of growth, supported by a run of bank holidays and seasonal events including football tournaments
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NewsMedia Bites 6 June: Trump vs Musk, Pret a Manger IPO, P&G jobs
A rift between US president Donald Trump and Tesla boss Elon Musk is shaking up markets this morning
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NewsUK business confidence rebounds to nine-month high
Two new surveys have shown business confidence returning to its highest level since August last year
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NewsFood inflation hits one-year high with steaks ‘more expensive’
Food inflation hit a one-year high in May as fresh foods like beef, milk, and eggs all grew more expensive
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NewsUK retail sales jump again as Brits’ confidence improves
It marked the fourth consecutive monthly rise and builds on the best quarter for British retailers since 2021
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NewsConsumer confidence nudges up as tariff concerns ease, says GfK
All five key indicators including personal finance, savings, and general economic situation saw an improvement
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NewsConsumer confidence edges up as UK economy improves
The over-60s saw the biggest boost in confidence although they remain the most pessimistic of any generation
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NewsMedia Bites 16 May: Walmart prices, UK economy, Holland & Barrett’s GLP-1 boom
Wallmart, a ‘bellwether of US consumer health’, is preparing to raise its prices in the wake of Donald Trump’s tariffs
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NewsFood companies scaling back growth plans as costs rise by up to 10%
Food and drink business have been massively scaling back growth plans as confidence remains at rock bottom, a new survey by the FDF reveals
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NewsMedia Bites 13 May: consumer spending, pub sales, immigration and labour market
Warm weather has boosted consumer spending but wage growth has slowed
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Comment & OpinionBudget pressures are here. Food needs a long-term strategy
Short-term fixes like workforce reductions are already underway, says James Walton, chief economist at IGD
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Comment & OpinionTrump’s ‘Liberation Day’ tariffs are merely an amuse-bouche
The consensus in the trade (and the City) is that UK food and drink suppliers have got off lightly when it comes to exports
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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