UK retail sales plummeted by 3.2% in December, raising fears of a recession, according to official data. The slump, the largest in three years, was largely driven by poor performance in food stores and consumer concerns over the cost-of-living crisis and rising interest rates. The decline in sales volumes could have political implications as the UK enters an election year. Measures such as fiscal stimulus and policies to boost consumer confidence may be necessary to mitigate recession risks.
UK consumers are prioritizing home comforts and opting for self-care and entertainment at home, boosting sales of haircare tech, coffee machines, and gaming consoles. The trend reflects the ongoing cost-of-living crisis and consumers' desire for budget-friendly options.
UK consumers are prioritizing home comforts and opting for self-care and entertainment at home, boosting sales of haircare tech, coffee machines, and gaming consoles. The trend reflects the ongoing cost-of-living crisis and consumers' desire for budget-friendly options.
Labour's Deputy Leader supports free school meals for primary children, emphasizing the impact on learning. Debate continues on universal access vs limited funds.
Rental demand in the UK is surging as supply dwindles, leading to concerns of rising rent prices. Find out the implications of this rental market imbalance.