Sainsbury’s warns Iran war could hit shoppers and retailers as costs come back into focus
Sainsbury’s has warned that the conflict involving Iran could put fresh pressure on both customers and retailers, making it one of the more closely watched UK business stories this week. Reuters reported on 23 April that the supermarket expects the crisis to affect consumer spending as well as its
UK moves to weaken link between electricity prices and gas costs in bid to cut bills
The UK government has unveiled fresh plans to weaken the connection between electricity prices and volatile gas costs, in a move aimed at bringing down energy bills for households and businesses. Reuters reported on 21 April that ministers want older renewable energy generators to move onto
UK economy beats forecasts with stronger-than-expected growth in February
The UK economy delivered an unexpectedly strong performance in February, with gross domestic product rising by 0.5% month on month, according to the Office for National Statistics. That was well above the forecast in a Reuters poll of economists, and it marked the strongest monthly gain since
SNP vows to cap basic food prices in Scotland as election battle sharpens
Scotland’s governing SNP has unveiled a headline-grabbing pledge to cap the price of essential supermarket goods if it wins re-election, putting the cost of living back at the centre of the Holyrood campaign. Current reporting says the proposal would apply to 20 to 50 staple items sold by large