Tag: economics

  • UK Saves Up whilst the G7 Parties Out

    UK Saves Up whilst the G7 Parties Out

    Since 2020, UK household spending has only increased by 1.1% and 3% per capita. Compared to neighbouring countries such as the US (12.7%) or Italy (3.2%), it is clear that households are looking to save rather than spend. Before COVID, household expenditure accounted for two-thirds of the UK’s GDP, which steadily grew for 6 years.…

  • “Consumers Will Pay” – AutoZone Chief Executive

    “Consumers Will Pay” – AutoZone Chief Executive

    Since the reciprocal day, US producers have shouldered higher tariff costs from consumers. However, this will change since recent data highlights the rise in price for some products. For example, audio equipment up by 14%, dresses up by 8% and hardware & lights up by 5%. Ashley Furniture, the world’s largest furniture manufacturer, pre-announced before…

  • Persistent Inflation Continues To Float Around The Air

    Inflation remained at 3.8% in August, the same as July, showing it’s still a threat to the economy. Food and non-alcoholic drinks prices rose from 4.9% to 5.1%, higher than predicted by analysts. The ONS stated that there was a small rise in prices for vegetables, milk, cheese and eggs and fish. These rises were…

  • Britain’s cheapest supermarket plans to raise prices this Autumn

    Britain’s cheapest supermarket plans to raise prices this Autumn

    Aldi have stated that any tax raids on supermarkets will inevitably lead to price rises for households. This comes as a warning from Mr Hurley, Aldi UK Chief Executive, noting that any further increases in employer costs could lead to higher food inflation. The upcoming Autumn budget has created uncertainty among many UK sectors, fearful…

  • Private Beefs With Public – Reeves’ Taxation Conundrum

    Private Beefs With Public – Reeves’ Taxation Conundrum

    Over the past few days, this blog and other business articles have focused heavily on which sector Reeves will pull the plug on. Will it be banking or will it be public? Barclays Chief Executive, CS Venkatakrishnan, spoke on his concerns about taxing the banking sector as a way to fill the fiscal deficit. His…

  • Get Ready for a Federal Surprise – What You Need to Look Out for

    Get Ready for a Federal Surprise – What You Need to Look Out for

    US inflation rose by 2.9% in August, as the effects of the tariffs begin to creep in. With a weakening labour market and falling US confidence, what direction the Federal Reserve choose is the big question. A rate cut is expected later next week, with a 0.25 point most likely despite Republicans pressure for something…

  • Position Posted: Chancellor of the Exchequer

    Position Posted: Chancellor of the Exchequer

    It has been a bleak start for Rachel Reeves. Reports of lying about her credibility, pressure from the Labour bench and pressure from business leaders. It is safe to say the latest budget would be her ultimate test; whether she can get businesses on board will be the biggest question to ask. The latest BoE…

  • The break-up of the decade, your beloved household brand – Kraft Heinz

    The break-up of the decade, your beloved household brand – Kraft Heinz

    A marriage forged by Warren Buffett and 3G Capital has come to an end. With falling sales and a shift in consumer taste, what does that mean to ketchup lovers, and what can we learn from Buffet’s mistake? On a personal note, you and I knew that Heinz was the go-to brand for condiments like…

  • The three letters that haunt everyone: Tax. Why this Autumn is different

    As summer holidays come to an end, households will now be shifting their focus towards the upcoming Autumn budget. Why is this Autumn different? Let’s have a quick recap of what’s been happening in the UK: Since Labour entered government, there has been a strong focus on reducing government debt, currently around £2.9 trillion (96%…