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Recession fears grow as rising prices hit spending

May 12, 2022 by www.bbc.co.uk

Published 12 May comments Comments Share close Share page Copy link About sharing The risk of a recession has risen, analysts have warned, after the economy shrank during March just as the UK had recovered from the pandemic. Higher prices are "beginning to bite", the UK statistics body said , with people spending less and cutting down on car journeys due to high fuel costs. The impact of higher energy bills in April has also yet to be seen. The economy grew by 0.8% over the first three months of the year, but in March it shrank by 0.1% as people cut back. The main boost to the economy came in January, as hospitality and travel industries recovered from coronavirus pandemic restrictions. However, that came before the war in Ukraine and before households began to feel the pinch of higher prices. Paul Dales, chief UK economist at Capital Economics, said the … [Read more...] about Recession fears grow as rising prices hit spending

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‘Going to the dogs!’ Tesco to no longer stock Whiskas and Pedigree pet food amid price row

July 5, 2022 by www.express.co.uk

Cost of living: Tesco boss warns of spike in food bank use Sign up and receive our free daily stars from Russell Grant SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The supermarket giant is refusing to “pass on unjustifiable price increases" to customers as suppliers escalate their prices amid soaring inflation. Mars Petcare products, which include pet food favourites Sheba, Cesar dog food and Iams, will also not be available to customers. The latest supply row comes after Heinz ketchup and baked beans were pulled from Tesco’s shelves last week as the cost-of-living crisis continues. Related articles Keep bread fresh for 3 weeks with simple food storage hack Prince Harry pushes 'regal brand' and 'heritage' in … [Read more...] about ‘Going to the dogs!’ Tesco to no longer stock Whiskas and Pedigree pet food amid price row

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Euro 2022: Is England ready for the biggest tournament yet?

January 5, 2022 by www.dw.com

With a shade over 24 hours until England host Austria at a sold-out Old Trafford, a handful of construction workers are busy building a fan park in Manchester city center. A few kilometers northeast of the building site, UEFA's Chief of Women's Football takes to the stage in a stadium hospitality room. "I feel so many different kinds of emotions but can't wait for it to get started now," said Nadine Kessler , who won 29 caps for Germany between 2010 and 2016. "I really think it's completely incomparable to when I played. I might need to be a bit provocative, but I think in my days people were more concerned with how my jersey fit than the result. We've come a long way." The buildup to the tournament has seen plenty of reflection on the growth of the game in recent years. But the day before it starts, with unfinished fan parks, sporadic advertising boards and a reported shortage of England women's shirts in major sports shops, there is a sense that organizers may not have foreseen … [Read more...] about Euro 2022: Is England ready for the biggest tournament yet?

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A Metallica Bandmate’s Son Shredded for Eddie on

July 5, 2022 by www.vulture.com

Photo: Netflix Spoilers for Stranger Things 4 Part 2 Metallica more than gave their blessings for their song “Master of Puppets” to be used in the big damn finale of Stranger Things 4 Part 2. They leant one of their son’s to the effort. Tye Trujillo, son of Metallica bassist Rob Trujillo, recorded tracks for Eddie’s supernatural guitar solo, with help from Kirk Hammett. “**Spoiler Alert** That’s my boy! Proud of ya Tye!” Trujillo wrote on Instagram. “and big thanks to @kirkhammett on helping!” Sorry to Eddie, but this is an honor that he wouldn’t have recognized. Stranger Things 4 takes place in March of 1986, months before OG bassist Cliff Burton died in a tour bus accident. Trujillo began playing bass for Metallica during their Some Kind of Monster era, and was made an official band member in 2003. Metallica also shouted out Stranger Things in an official band IG post, writing “It’s an incredible honor to be such a big part of Eddie’s journey and to once again … [Read more...] about A Metallica Bandmate’s Son Shredded for Eddie on

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Russians defy crackdown to find small ways of protesting Ukraine war

July 6, 2022 by www.euronews.com

Despite Moscow's attempts to stem any dissent against its invasion of Ukraine, some Russians are continuing to protest -- even if it means facing draconian punishment for the most benign acts of opposition. Some have paid a heavy price for their acts of protest. In the early days of the war in February, authorities moved quickly to quash demonstrations, arresting people who marched or even held blank signs, balloons in the colours of the Ukrainian flag, or other oblique references to the conflict. Critical media outlets were shut down as the government sought to control the narrative. Political opponents were singled out by President Vladimir Putin or commentators on state-run TV. Russia cracks down on independent media during Ukraine invasion Russia's brain drain: War with Ukraine prompts tens of thousands to flee abroad Lawmakers rubber-stamped measures that outlawed the spread of "false information" about what the Kremlin called a "special … [Read more...] about Russians defy crackdown to find small ways of protesting Ukraine war

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UK inflation hits 9.1% in new 40-year high as cost of living crisis deepens

June 22, 2022 by www.mirror.co.uk

UK inflation has climbed to 9.1% as the cost of living crisis continues to squeeze household finances. The consumer prices index (CPI) measure of inflation rose in the 12 months to May to its highest level sinceMarch 1982. CPI had already hit a 40-year high when it reached 9% the previous month , according to latest Office for National Statistics (ONS) data. The latest figures mean inflation is almost five times higher than the Bank of England (BoE) target of 2%. BoE economists are expecting UK inflation to hit 11% by the end of this year. It had previously estimated that the rate of CPI would hit 10%. Are you worried about rising prices? Let us know: [email protected] How inflation has changed over the years The ONS said food and drink prices were the biggest contributor of inflation creeping higher in the 12 months to May. Households are also being hit by sky-high energy costs, after the Ofgem price cap was raised by 54% in April, … [Read more...] about UK inflation hits 9.1% in new 40-year high as cost of living crisis deepens

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Dentist’s urgent warning to Brits thinking of going overseas for cheap ‘Turkey teeth’

July 4, 2022 by www.mirror.co.uk

A dentist has issued a stark warning to Brits thinking of going overseas for cheap 'Turkey teeth'. The latest cosmetic dental trend of travelling abroad to get cheaper treatment is becoming increasingly popular as in the UK alone - 63% of those considering treatments are aged between 18-34, Liverpool Echo reports. However, experts say people committing to a lifetime of unnecessary, expensive and painful treatments could be at risk as many don’t even know what work they’ve had done when going for veneers, which is a wafer-thin covering for the front of the tooth. And coming away with a far more invasive outcome like crowns, where the surgeon will file down the existing teeth and add a fake tooth cap, or crown, could see patients walk away with 'Turkey teeth'. Dentists are warning Brits not to end up with 'Turkey Teeth' ( Image: Getty Images/Stock Image) While it may be cheaper in the short-term to travel abroad for the treatment, it could end up costing … [Read more...] about Dentist’s urgent warning to Brits thinking of going overseas for cheap ‘Turkey teeth’

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Cost of living: Disability charity says carers are skipping meals

July 6, 2022 by www.bbc.co.uk

Published 2 hours ago Share close Share page Copy link About sharing A national charity supporting children with disabilities says more than 90% of the families it helps are struggling to pay bills due to rising living costs. Half of carers looking after disabled youngsters have skipped meals in the past 12 months to cut back on spending, a survey by Family Fund suggests. A West Yorkshire family supported by the charity say they are "scared" they won't be able to afford winter heating. The government said it was helping families with disabled children. York-based Family Fund said many families with seriously ill or disabled children faced higher energy bills due to the need to power home medical equipment. Frequent GP or hospital appointments mean regular car journeys for many, including the family of 11-year-old Charlie, from Bingley in West Yorkshire. "We can't go on as … [Read more...] about Cost of living: Disability charity says carers are skipping meals

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Four ways Nadhim Zahawi may try to boost the economy

July 6, 2022 by www.bbc.co.uk

Published 7 minutes ago Share close Share page Copy link About sharing Following the shock resignation of former Chancellor Rishi Sunak, his replacement Nadhim Zahawi has said he and Prime Minister Boris Johnson want to "rebuild the economy" and get soaring inflation under control. Mr Zahawi said "nothing is off the table" in terms of cutting taxes. What are some of the options open to the new Chancellor to make good on those plans? 1. Cut VAT Mr Zahawi has said he wants to do two things: cut taxes and "bear down" on inflation. Those are not usually happy bedfellows. Cutting taxes puts more money into the economy, which drives prices up - so how can he walk this line? A temporary cut in VAT - the tax paid when buying goods and services - from 20% to 17.5%, say, would lower the price of goods and services in the basket used to calculate inflation - taxes would get cut, and … [Read more...] about Four ways Nadhim Zahawi may try to boost the economy

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Most only have £500 of savings says Lloyds boss

July 6, 2022 by www.bbc.co.uk

By Simon Jack Published 2 hours ago comments Comments Share close Share page Copy link About sharing Most Lloyds Bank customers have less than £500 of savings in their accounts, its chief executive said. Charlie Nunn said Lloyds had seen customers seeking debt advice jump up by a third in just the first six months of this year. Credit card spending on travel was up 300% on last year, but the majority of Lloyd's customers were worried about the cost of living, he said. It was possible for the UK to avoid the recession many are predicting, he said. It comes as UK households struggle with the soaring cost of food, energy bills and fuel as inflation rises at the fastest rate in 40 years. The head of the UK's biggest high street bank told the BBC: "80% of individuals and UK customers and families have less than £500 pounds worth of savings in their current … [Read more...] about Most only have £500 of savings says Lloyds boss

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