New data reveals a sharp decline in UK retail sales, with like-for-like growth turning negative. Soaring food inflation and the cost-of-living crisis are forcing consumers to cut back severely on non-essential spending.
In a dramatic shift for household budgets, UK shop food prices have fallen by 2.4% in the year to June, marking the most significant drop since the Office for National Statistics began tracking the data in 2005.
New data reveals UK consumer confidence has plummeted to its lowest level in decades, with households cutting back on spending as inflation and economic instability bite.
New research from Deloitte reveals that consumers at major retailers like Walmart and Target are cutting back on discretionary spending due to inflation and economic concerns.
Retail sales in the UK saw a sharp decline in October as consumers tightened their belts due to rising inflation and economic uncertainty, according to the British Retail Consortium.
Retail sales in the UK show sluggish growth amid rising inflation and cautious consumer spending, with industry leaders urging government action in the upcoming Autumn Budget.
As Labour grapples with tough fiscal decisions, experts warn that austerity measures could alienate voters ahead of the next general election. Is history repeating itself?
Domino's Pizza reports a sharp decline in profits as UK consumers cut back on takeaway spending amid rising living costs. The chain faces challenges with delivery costs and changing consumer habits.
British retail sales suffer sharpest drop in three years as consumers cut back on non-essentials, with food sales also declining for the first time since 2020.
The US economy expanded at a faster-than-expected pace in Q4 2023, driven by robust consumer spending despite high interest rates. Economists remain cautiously optimistic about 2024.
Cash-strapped Brits are turning away from high street retailers as food inflation continues to squeeze household budgets, new data reveals.
Warm weather and a packed events calendar have driven a significant rise in UK retail sales, with consumers splurging on summer essentials and entertainment.
June's sunny weather has revitalised UK high streets, with consumers spending big on drinks and dining out, giving the economy a much-needed lift.
American consumers face soaring ground beef prices as costs reach unprecedented levels. Explore the factors behind this sharp increase and its impact on households.
A close ally of Donald Trump has called for urgent action after revelations of widespread Pentagon credit card fraud, with billions spent at casinos and nightclubs. The scandal raises serious questions about financial oversight in the US defence departmen
Official figures reveal Labour's massive financial advantage over the Tories in the 2024 general election campaign. Discover how spending shaped the political battlefield.
Retail sales in the US soared in June, marking another strong month for consumer spending as the economy rebounds under Trump's policies.
New figures reveal Labour's unprecedented £30M spending surge in the 2024 general election, eclipsing Conservative efforts and fuelling Keir Starmer's landslide victory.
Retail giants Coles and Woolworths are using carefully curated playlists to influence shopping behaviour and boost sales. Find out how the tempo and volume of music affect your spending habits.
Former President Donald Trump achieves a significant political win as $9.4 billion in spending cuts are approved, slashing funding for NPR and PBS in a move critics call radical.
A new study highlights the stark differences in credit card usage between Gen Z and Baby Boomers, revealing unexpected financial habits across generations.
Former US President Donald Trump suggests redirecting military funds to tow icebergs to drought-stricken regions, sparking global debate on climate innovation.
Democratic Rep. Jasmine Crockett faces backlash after comparing US funding for Iraq to Sesame Street in a viral rant. Critics call her remarks 'out of touch'.
Public sentiment shifts as concerns mount over Trump's ambitious spending agenda, despite White House claims of significant savings for American households.
Experts warn of deepening food crisis as prices soar, putting pressure on ministers to intervene.
Labour's deputy leader Angela Rayner sparks controversy by suggesting 'stealth taxes' could fund public services, drawing criticism from political opponents.
Republican senators are rallying to block key spending measures, aligning with Donald Trump's agenda ahead of the 2024 election. Critics warn of potential government dysfunction.
New data reveals Americans are scaling back on summer travel due to financial pressures, with many opting for shorter or cheaper getaways.
A new Republican-led bill proposes significant cuts to foreign aid and public broadcasting budgets, sparking debate over fiscal priorities and government spending.
Soaring temperatures in June drove UK consumers to spend heavily on cooling products, lifting retail sales figures despite broader economic pressures.