Petrol prices have hit record highs, putting further strain on families as the cost-of-living crisis worsens (The Times £).
‘Ceasefire in supermarket price wars fuels record-breaking petrol prices,’ reads the headline in The Telegraph.
Petrol prices are expected to spiral further in the coming weeks after surging to a record high as fears over an Russian invasion of Ukraine ramps up pressure on squeezed households (The Telegraph).
UK wage growth continued to lag behind the high cost of living between October and December, officials figures show (BBC News).
UK pay picked up less than prices at the end of last year while job vacancies rose to a record and the unemployment rate hit a pandemic low (The Financial Times £).
The owner of Motor Fuel Group, Britain’s biggest independent petrol forecourts operator, has picked a quartet of banks to oversee a £5bn sale, according to Sky News.
At least 33 victims of the Post Office IT scandal have died waiting for justice, The Daily Mail reveals.
Post Office executives should face a criminal investigation after getting away “scot-free” with overseeing the Horizon scandal, victims have said (The Times £).
A former postal worker fought back tears as he recounted how he faced financial ruin and battled suicidal thoughts as a result of errors in the Post Office’s IT system, which showed that money was going missing from one of the branches he ran (The Guardian).
Cake icing maker Real Good Food has blamed ‘severe shortages’ of ingredients, ‘erratic deliveries’ and staff absences for a hit to sales in the past couple of months (The Mail).
French spirits maker Pernod Ricard has asked top executives from its Hong Kong office to temporarily relocate outside the city as the Asian financial hub becomes increasingly closed off from the world and Beijing prepares to take a greater role in its pandemic response (The Financial Times £).
The owner of Nyetimber sparkling wine has raised a glass to a record year after the West Sussex company achieved its biggest harvest on record, as well as a 55% jump in 2021 sales (The Times £).