Alpesh Paleja, lead economist at the CBI, a business lobby group, said: “Near-term challenges to the outlook have ramped up since, with a growing cost-of-living crunch set to weigh on growth,” he said. “Businesses are also grappling with headwinds from the Ukraine conflict, which is exacerbating cost pressures and supply chain disruption.”
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UK economy above pre-Covid levels in November
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“In addition, rising taxes and borrowing costs, as well as elevated inflation, will squeeze households’ purchasing power, while the...
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Could product passports revolutionise the way we shop?
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For new building 100 Fetter Lane in London, architects Fletcher Priest and engineers Waterman have been asking suppliers to...
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Record mortgage borrowing as owners move or improve
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House hunters, particularly first-time buyers, might be helped in their quest to have enough for a deposit by families...
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Morrisons: Supermarket agrees £6.3bn takeover
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Russ Mould, investment director at stock broker AJ Bell, said the American investors may have considered Morrisons – the...
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MH370: Could missing Malaysian Airlines plane finally be found?
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Mr Gleave said: “If you are choosing to hide the aeroplane in the Southern Indian Ocean, just make sure...
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JD Sports chairman rejects criticism of £4.3m bonus
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It has also benefitted from an additional £25m in wage support from other countries where it operates. JD Sports...
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Asda in cheap food promise after Jack Monroe complaints
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She criticised Asda for discontinuing some budget products, such as a bag of rice sold online for 45p and...
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Elon Musk sues Unilever and Mars over X ‘boycott’
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Elon Musk’s X/Twitter is suing a group of major companies, alleging that they unlawfully conspired to boycott the site....
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