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The Competition and Markets Authority (CMA) has reported that UK drivers are still paying more for fuel than they should because of “stubbornly high” retail margins. The watchdog expressed concerns over weakened competition in the fuel sector, leading to inflated prices at the pump. According to the CMA, fuel margins remain higher than historical levels. Supermarket fuel margins increased from ...
UK consumer and business confidence declines as Labour’s tax-raising budget sparks concerns over hiring, rising costs, and economic growth prospects. UK consumers and businesses have grown more pessimistic about the state of the economy following Labour’s tax-raising budget, which has triggered concerns over hiring and escalating costs. Recent surveys indicate a decline in confidence among British households and the vital ...
The number of Britons using X, formerly known as Twitter, has plummeted since Elon Musk’scontroversial takeover two years ago. A new report by Ofcom reveals that UK adults visiting the platform’s app or website dropped from 26.5 million in 2022 to 22.2 million in 2023, reflecting a significant exodus. The findings from Ofcom’s annual Online Nation report suggest growing dissatisfaction ...
Car production in the UK has fallen for the eighth straight month, intensifying pressure on the automotive industry as it navigates the shift towards electric vehicles (EVs). According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), manufacturing output declined by 15.3% in October, producing 77,484 units. This drop leaves the total output down by 10% ...
First-time homebuyers in some of the UK’s most expensive areas are hurrying to finalise property purchases before April 1, when stamp duty costs are set to rise by an average of £6,300, according to new data from Rightmove. Demand for homes among first-time buyers in London has increased by 3 percentage points since the recent budget announcement, with many expressing ...
A new House of Lords report calls for a reimagining of UK high streets, emphasising the need to move beyond traditional retail to include more restaurants, leisure activities, and public services. The decline of retail dominance on UK high streets has become increasingly evident, with over 10,000 store closures in 2023 alone. Communities have witnessed the loss of local department ...
Nearly a dozen of President-elect Trump’s Cabinet nominees and other appointees tapped for the incoming administration were targeted Tuesday night with ‘violent, unAmerican threats to their lives and those who live with them,’ prompting a ‘swift’ law enforcement response, Fox News Digital has learned. The ‘attacks ranged from bomb threats to ‘swatting,’’ according to Trump-Vance transition spokeswoman and incoming White House ...
A top aide to Vice President Kamala Harris during her presidential campaign recently revealed that internal polls never actually saw her defeating President-elect Donald Trump, but apparently this was not conveyed to those collecting high-dollar donations for her bid. ‘That’s not what we were told,’ DNC National Finance Committee member and Harris campaign fundraiser Lindy Li shared with Fox News ...
The day before Thanksgiving, the stock market took a little breather. But the weekly performance was still impressive. The Dow Jones Industrial Average ($INDU) remains the broader index leader, rising 0.96% for the week. The S&P 500 ($SPX) and the Nasdaq Composite ($COMPQ) ended the week with smaller gains than the Dow. Earlier in the week, investors were more bullish, but ...