Consumer demand could remain subdued while the economic environment hopefully settles in the first half of this year. Beyond that, the rise in the minimum living wage, more public spending, the continued easing of monetary and fiscal policies and consumer confidence hopefully continuing to recover, ...
But the data will be bad news for Prime Minister Rishi Sunak and the Conservatives, who made growing the economy one of theirfive key pledges. Consumer spending power has been eroded by the cost of living crisis, with high inflation and expensive energy bills eating into disposable income. Why...
The cost of living crisis has significantly impacted UK households, which is likely to create ripple effects over the years to come. Disposable income has been reduced for many households and cutbacks have had to be made as a result. One in three (34%) of those surveyed said they had los...
Many households have been feeling the pinch, and the Consumer Prices Index (CPI) measurement for August 2024 showed that consumer prices were 2.2% higher than a year before. Moreover, the figure obtained by Sky News following a Freedom of Information request found that the number of 'pauper'...
Afterconsumer confidence fell sharplyin September, they also underline the challenge facing Sir Keir Starmer’s government to deliver its promise of higher living standards across the country. Inflation stood at 2.2 per cent in August, well below the 42-year high of 11.1 per cent in October 202...
Regions with lower average disposable incomes tended to see poorer economic performances as households in these areas were more exposed to living cost pressures, which constrained consumer spending and subsequent growth. This was particularly evident in Wales (£17,796), Northern Ireland (£18,181...
Official figures last week showed consumer price inflation rose to 2.3% in October, largely reflecting a surge in household energy prices. The Bank of England this month cut interest rates to 4.75% from 5% but said it was likely to move only gradually with further cuts. On Monday,...
Consumer expenditure The most important statistics UK: cosmetics purchase frequency among consumers 2021 Expenditure on personal care in the United Kingdom (UK) 2005-2023 Weekly household expenditure on personal care in the UK 2023, by gross income ...
Government spending and taxation influence employment and household income, which dictate consumer spending and investment. Monetary policy impacts the money supply in an economy, which influences interest rates and the inflation rate. Monetary policy impacts business expansion, net exports, employment, ...
Accurate predictions about upcoming trends and changes in consumer behavior Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa A thorough analysis of the market’s competitive landscape and detailed information about companies Comprehensive analysis of fact...