Tag: squeeze

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‘The big squeeze’: what the papers say about Bank of England’s recession forecast

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Friday’s papers are united in gloom, placing front and centre the Bank of England’s grim forecast of a lengthy recession and inflation rising to its highest level since 1980. The Financial Times goes big with a “red a...

‘It made us nervous’: rising interest rates and falling property prices squeeze household budgets

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Australians who purchased their first home as prices soared in recent years are facing another interest rate rise at the same time as the value of their property is likely falling, after the Reserve Bank of Australia ...

Sainsbury’s boss warns UK living costs squeeze will ‘only intensify’

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The pressure on households will “only intensify” through the rest of this year, the boss of Sainsbury’s has warned as he said the supermarket would invest £500m in attempting to keep prices low. The pledge came as the...

Japan’s famed 100-yen shops fall victim to cost-of-living squeeze

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There can’t be a household in Japan that doesn’t own a few items from a 100-yen shop – anything from chopsticks and teacups to air freshener and bin bags. But the wildly popular discount stores – whose roots lie in th...

Tesco shoppers buy fewer items amid ‘unprecedented’ cost of living squeeze

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Tesco said customers are putting fewer items in their baskets and are switching to cheaper own-brand alternatives as they face “unprecedented increases in the cost of living”. The UK’s largest supermarket said it had...

Special schools in England face funding squeeze, headteachers say

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Special schools in England are struggling to access crucial government funding worth hundreds of thousands of pounds to offset rising staff salaries and soaring fuel costs, headteachers have warned, with some facing c...

UK shoppers head to Aldi and Lidl amid cost of living squeeze

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UK shoppers are choosing to shop at discount supermarkets in greater numbers as grocery price inflation reaches its highest level in a decade amid a mounting cost of living crisis. Aldi grabbed its biggest share of th...

UK wages fall at fastest rate since 2014 as cost-of-living squeeze bites

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Average wages in Britain have fallen at the fastest rate since 2014 as annual pay growth fails to keep pace with rising inflation amid Britain’s cost of living crisis. The Office for National Statistics said that annu...

Value of Mirror publisher Reach plunges 25% after it warns of profit squeeze

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The value of the publisher of the Daily Mirror and Daily Express newspapers plunged by a quarter on Tuesday after it warned that inflationary pressure and soaring newsprint costs would hit profits this year. The Londo...

UK inflation hits 30-year high of 5.5% as cost of living squeeze tightens – business live

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Rolling coverage of the latest economic and financial news

UK pay growth lags behind inflation as cost of living squeeze bites – business live

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Rolling coverage of the latest economic and financial news

UK house prices hit record high, but cost of living squeeze will slow growth ‘considerably’ – business live

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Rolling coverage of the latest economic and financial news

Annual UK grocery bill could rise by £180 amid cost of living squeeze

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The average annual grocery bill is on track to rise by £180 this year as the UK’s worsening cost of living squeeze continues, according to the consultants Kantar. Grocery prices rose 3.8% over the four weeks to 23 Jan...

Free market, tax-cutting economics will not ease the UK’s cost of living squeeze

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Britain’s unfolding cost of living crisis is dominating the headlines. The soaring cost of a weekly shop, a record increase looming for utility bills, and the price of petrol through the roof. Households have never ha...

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