Retail Sales See Mild Recovery in May
In a modest rebound from earlier in the year, total retail sales in the UK grew by 0.7% year-on-year in…
UK’s Stagnant Income Growth Spells Worrying Trends for Living Standards
Recent findings from the Institute for Fiscal Studies (IFS) paint a stark picture of the UK’s economic landscape over the…
Sharp Decline in Consumer Credit Borrowing Reflects Growing Economic Caution
In a significant shift, the Bank of England’s latest Money and Credit data for April 2024 reveals that net consumer…
Cost of Living Pressures Alter Family Planning and Financial Stability
A new report from Royal London reveals that surging costs in housing, energy, food, and childcare since February 2023 have…
Gas and Electricity Bills Set to Decrease by a Sixth in 2024, Easing Some Financial Strains
As we approach the middle of 2024, UK households are poised to experience a significant decrease in their energy bills,…
Consumer Confidence Rise in May Despite Economic Challenges
In a promising shift, the GfK Consumer Confidence Index for May has recorded a notable rise, achieving its highest level…
UK Energy Price Cap to Drop by £122, Offering Temporary Relief Amid Ongoing Financial Strains
Ofgem, the UK’s energy regulator, has announced a welcome reduction in the energy price cap, set to decrease by 7%…
Common Credit Card Errors: Insights from Eight in Ten Users
According to a recent study by Compare the Market, a staggering eight out of ten credit card users admit to…
Inflation Drops to 2.3%
April’s inflation rate in the UK has dropped to 2.3%, the lowest in over two years, according to the latest…
Forecasted Energy Price Cap Drop 7%
Cornwall Insight’s latest forecast for the Default Tariff Cap, set for July to September 2024, brings a glimmer of hope…