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consumer affairs

Poor families hit as UK inflation rises to 1% – as it happened

Poor families hit as UK inflation rises to 1% – as it happened

Government’s freeze on in-work benefits means many families will suffer as the cost of living rises IFS says poor families suffer through benefit freezeNEWSFLASH: CPI jumps to 1%PwC: Inflation is
Warnings over rising food prices as UK inflation hits near two-year high of 1%

Warnings over rising food prices as UK inflation hits near two-year high of 1%

Rising petrol and clothing prices drive increase in cost of living, with falling pound starting to make imports more expensiveBritain’s biggest supermarket has warned that dearer food prices triggered
Southern Water customers’ direct debits not taken after IT failure

Southern Water customers’ direct debits not taken after IT failure

Company says payments due on 5 and 10 October will instead be taken in NovemberA major computer failure at Southern Water, which supplies 4.6 million customers across the south of England, means that
At a glance: autumn statement – 26 key points

At a glance: autumn statement – 26 key points

Philip Hammond has delivered his first autumn statement as chancellor. These are the key points, with political analysisAutumn statement 2016: live updatesRowena Mason, deputy political editor: The
Consumer credit sees fastest growth in 10 years

Consumer credit sees fastest growth in 10 years

Personal loans and overdrafts fuelled increase in consumer borrowing in October, data from lenders reveals Borrowing on credit cards and loans grew at its fastest rate in almost a decade in October,
IFS warns of biggest squeeze on pay for 70 years over Brexit

IFS warns of biggest squeeze on pay for 70 years over Brexit

Respected thinktank says UK’s withdrawal from EU will stoke inflation and peg back wages to below their 2008 level in 2021Workers in Britain face the longest squeeze on their pay for 70 years as
Brexit and price hikes push up the cost of Christmas for Britons

Brexit and price hikes push up the cost of Christmas for Britons

Pound’s slump and rising production costs mean consumers are feeling the pinch as they stock up for the festive season The Brexit blow to the pound coupled with commodity price hikes is squeezing
Our obsession with the economy is destroying democracy – video

Our obsession with the economy is destroying democracy – video

The words ‘the economy’ weren’t mentioned in a winning British election manifesto before 1950. But today, says Catriona Watson of Rethinking Economics, politicians put it front and centre of their
Petrol and food prices expected to continue rising in 2017

Petrol and food prices expected to continue rising in 2017

With prices at pumps starting the year at their highest since 2014, cost of food and other essentials is also predicted to go upHouseholds are being told to brace for more price rises on fuel, food
UK credit binge approaching levels not seen since 2008 crash

UK credit binge approaching levels not seen since 2008 crash

Debt charities issue warning to government after unsecured consumer credit grew at fastest rate in more than 11 yearsA credit boom that is close to levels not seen since the 2008 financial crash
UK inflation to hit a two-year high

UK inflation to hit a two-year high

Sterling’s weakness since Brexit vote is pushing up prices of fuel, food and clothes, official figures to showInflation is set to hit its highest level in more than two years this week, according to
Weak pound and rising inflation push clothing spend to five-year low

Weak pound and rising inflation push clothing spend to five-year low

Experts warn drop in sales could be sign of ‘tougher things to come’ as rising prices since Brexit vote ‘hurt spending power’Britons slashed their spending on new clothes and shied away from the high
Days of low inflation are over with UK consumer finances to take a hit | Larry Elliott

Days of low inflation are over with UK consumer finances to take a hit | Larry Elliott

High street competition has helped rein in prices, but households are facing rising cost of living due to falling pound and rising commoditiesIt was nice while it lasted, but the days of ultra-low
Spring budget 2017: drop in government borrowing predicted

Spring budget 2017: drop in government borrowing predicted

Forecasts likely to be cut by cumulative £29bn between 2015-16 and 2020-21 but sustainability issues remain, says thinktank Solid economic growth and strong tax receipts since the Brexit vote have put
Food inflation doubles in a month as UK shoppers start to feel the pinch

Food inflation doubles in a month as UK shoppers start to feel the pinch

Sharp fall in pound since EU referendum feeds into big rise in food prices with butter up 15%, fish up 8% and tea up more than 6%Supermarket inflation doubled last month as shoppers had to pay more
UK households most downbeat about finances since 2013

UK households most downbeat about finances since 2013

Consumer spending likely to fall as rising inflation and weak wage growth biteUK households are the most downbeat about their finances since 2013, as families start to feel the pinch from rising
Sharp rise in UK food prices inflates household shopping bill

Sharp rise in UK food prices inflates household shopping bill

Supermarket moves to ditch promotions coupled with weakened pound following Brexit vote add average £21.31 to quarterly food billsA sharp rise in food prices has added £21.31 to the average household
UK retail sales fall again as rising living costs bite

UK retail sales fall again as rising living costs bite

Takings tumble for third successive month as inflation figures expected to show sharp rise in price of household essentialsBritain’s retailers suffered a third consecutive month of falling sales in
UK inflation stays at three-year high of 2.3%

UK inflation stays at three-year high of 2.3%

Economists warn rate will rise further as Brexit effect on sterling inflates grocery bills and eats into already strained household budgetsRising food and clothing prices kept Britain’s inflation rate
Personal insolvencies soar to highest level in three years

Personal insolvencies soar to highest level in three years

Households facing financial pressure from debt, weak pay growth and inflationThe number of individuals applying for insolvency jumped to the highest level in almost three years in the first three