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UK economy

  • Food prices to jump despite easing inflation predictions

    January 27, 2026

    Food prices are projected to jump higher despite economists’ predictions of easing inflation, according to a fresh survey, which warned that soaring energy prices and taxes were exacerbating the cost of living for Britons.  New data by the British Retail Consortium has suggested that food price inflation could rise at a faster pace, weighing heavily [...]

  • Save billions by reforming ‘unsustainable’ public sector pensions

    January 26, 2026

    Moving new public sector employees onto defined contribution (DC) pension schemes could save taxpayers £37bn a year in the long run, a new report has found.  The report, produced by Policy Exchange, argues that moving public sector workers onto a DC scheme would also send an “important signal” to the bond market that the government [...]

  • Revolution Bars owner appoints administrators as hospitality crisis deepens

    January 26, 2026

    Dozens of bars up and down the country could soon shut their doors for the last time as one of Britain’s best-known hospitality groups prepares to appoint administrators. Revel Collective, which owns more than sixty venues comprising the Revolution Bars group as well as the Peach pub chain, said it expects to appoint administrators within [...]

  • Burnham was Labour’s best chance to stop Reform’s rise

    January 26, 2026

    Blocking Andy Burnham's bid to stand as an MP could cause irreparable damage if Labour now loses the by-election, writes John McTernan.

  • Traditional legal model shaken by investor interest and IPO ambitions

    January 26, 2026

    External investment is increasing in mid-size legal firms, according to a new report, which revealed that nearly 70 per cent of firms have been approached by private equity investors or PE-backed entities in the last year. New data from MHA, in conjunction with the Law Society, shared with Morning Wire, shows that the majority of [...]

  • Jobless graduates claiming benefits totals 700,000, report says

    January 26, 2026

    The number of unemployed graduates claiming benefits now totals 700,000, a new report has estimated, with blame being laid on the UK education system’s “obsession” with getting young people into university.  Fresh analysis by the Centre for Social Justice (CSJ) has found the number of jobless graduates receiving welfare support was nearing three quarters of [...]

  • Flight prices to jump as regional airports hit by rocketing tax bills

    January 26, 2026

    Air passengers are being warned to brace for ticket hikes as regional airports across the UK face “unprecedented” rises in property tax next year. Regional airports are among the sectors facing the steepest increases in business rates in the UK amid an overhaul of property valuations underpinning the tax. While London’s Heathrow and Gatwick are [...]

  • Hundreds of hospitality firms close as cost pressures take toll

    January 26, 2026

    The “relentless” increase in operating costs put hospitality businesses under increasing pressure in the final quarter of last year, industry figures suggest. According to consumer intelligence firm NIQ, there were 382 fewer licensed premises at the end of December than there were three months prior, equivalent to four closures per day.  Casual dining sites and [...]

  • Hargreaves Lansdown overhauls fees in face of rising competition

    January 26, 2026

    The UK’s largest DIY investment platform is reducing fees for roughly half of its 2m-plus customers as it continues to face escalating competition within the industry. Hargreaves Lansdown said it will cut its annual account and share dealing fees, but add a charge for fund trading in its first overhaul of pricing in more than [...]

  • London, Oxford and Cambridge suffer steepest housing cost burden

    January 26, 2026

    Londoners spend more on rent and housing than anywhere else in the country, according to a new report which highlights the economic cost of the capital’s housing crisis.  The research found that residents of London spend 19 per cent of their outgoings on housing on average, although it noted that many renters and young homeowners [...]

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