Food inflation: First signs of energy cost surge feed through to supermarket shelves as discounts fail to stem price growth June 8, 2026 Supermarket food inflation has risen significantly for the first time this year, a Morning Wire analysis has found, flashing an early warning sign that the surge in energy and freight costs triggered by war in Iran is reaching shelf prices in the UK. Morning Wire reporters gather data on around 200 prices of products across [...]
Jobs slump as economy ‘held up by uncertainty’ June 8, 2026 The UK jobs market has been handed another blow as businesses ditch permanent hires as the economy battles against domestic and international uncertainty. The latest jobs report from KPMG and REC, the professional body for recruiters, showed hiring for permanent places dropped to a reading of 44.1 in May, which sits below the neutral 50 [...]
Is it time to change how we measure inflation? June 3, 2026 Measures of inflation are hugely influential on policy but struggle to account for the pace of technological innovation, says Paul Ormerod During this decade, the rate of inflation has become a key factor in determining living standards. Many benefits are linked to it. It sets a marker for wage demands. And when it goes up, [...]
Borrowing costs fall as interest rate hike fears ease June 2, 2026 Government borrowing costs fell sharply on Tuesday, after a dovish speech from Bank of England governor and revived hopes of a Middle East peace deal led traders to pare back bets on central bank interest rate hikes. Gilts rebounded across the curve, outperforming their European peers. The UK’s two-year and 10-year government bonds fell as [...]
Reeves’ savings package to have minimal impact on inflation rise May 29, 2026 A discount campaign launched by Chancellor Rachel Reeves will “shave off” an expected rise in inflation, analysis has suggested, as economists have raised concern over Britons’ inflation expectations. Reeves’ move to delay a hike in fuel duty beyond September and offer VAT relief for businesses giving families reduced prices could strip 0.2 percentage points off [...]
Family-owned Tottenham brewer falls into administration as industry pressures mount May 28, 2026 A beloved family-owned Tottenham brewery that was a key player in London’s craft beer renaissance has fallen into administration amidst mounting cost pressures on the industry. Redemption Brewing Company, which was the first commercial brewery to open in Tottenham in nearly 100 years, is officially listed on the formal register of new insolvency appointments as [...]
Greencore shares slide as M&S sandwich supplier counts cost of Bakkavor takeover May 27, 2026 Food manufacturer Greencore counted the cost of its mammoth deal with rival Bakkavor as integration expenses plunged the firm to a loss in the first half of the year. The FTSE 250 firm – which is a supplier to countless supermarket giants including Tesco, Sainsbury’s and M&S – was weighed down by upfront costs associated [...]
Jeevun Sandher MP: I am committed to Labour’s fiscal rules, but delivery matters too May 27, 2026 Rattled by watching the bond markets, Labour MP Jeevun Sandher says it's time for Labour to prioritise economics over politics.
Intense discounting pushes food inflation to year low May 26, 2026 Intense competition among UK supermarkets has pushed food inflation to its lowest level in a year, despite warnings that the Iran war will push up prices. Heavy discounting saw food inflation fall from 3.1 per cent last month to 2.7 per cent in May, according to data by the British Retail Consortium (BRC) and NIQ. [...]
Top Bank of England officials warn Reeves against supermarket price cap May 20, 2026 Senior Bank of England officials have warned that price controls on essential goods are not an effective long-term tool to lower the cost of living, after it emerged the Treasury was pushing supermarkets to commit to cap prices of consumer staples. Speaking at a Treasury Committee appearance, governor Andrew Bailey told MPs that controlling the [...]