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The Latest Breaking News from CEBR

Edinburgh and Glasgow lead the pack as UK set to exit recession in mid-2023

However, Aberdeen’s economy is predicted to shrink in the next 12 months

Insider UK

World economy is headed for a recession in 2023, researcher says

The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Center for Economics and Business Research.

Tribune News Service

Black Friday retail footfall below pre-pandemic levels amid cost of living crisis – as it happened

Retail experts predict a more muted Black Friday this year, as consumers cut back and Royal Mail strike disrupts deliveries

The Guardian - UK

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Top tips for selling pre-loved items as market reaches £6.5billion

A third of the pre-loved market is made up of used transport products

Wales Online

Energy inefficient households will pay £750 extra compared to those with good efficiency

October's energy price cap will rise will see an increase in bills for everyone - but this price hike will be £750 a year more for households with low efficiency ratings

Wales Online

Energy inefficient homes facing £750 higher bill compared to those with good efficiency

October's energy price cap will rise will see an increase in bills for everyone - but this price hike will be £750 a year more for households with low efficiency ratings

Daily Mirror

Low-efficiency homes ‘to cost owners £700 extra in energy bills’

‘The UK’s housing stock is among the least energy-efficient in Europe,’ industry expert says

The Independent UK

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Another blow for households as bills could rise by £6,000 this year

The average energy bill could soar by £1,645 within five months to hit £3,616 a year

Nottingham Post

Bankers get inflation-busting pay rises while low-income workers see earnings collapse

Worst-off get 1% wage increase as City of London workers toast large bonuses and 10% hike in overall pay

The Independent UK

City workers get double-digit wage rises while lowest-paid see 1% increase

Report finds ‘tale of two labour markets’ as workers in London’s financial district enjoy inflation-busting increases

The Guardian - UK

Disposable income in Northern Ireland slumps as cost-of-living spike bites

Asda's Income Tracker shows average household has £93.50 a week left for discretionary spending

Birmingham Post

Cost of living: Northern Ireland families only have £93 in disposable income per month

"The impact of the cost-of-living crisis is clear, with rising prices eating into incomes and reducing families’ ability to spend."

Belfast Live

Increasingly bitter race to replace UK PM Johnson narrows to four

Britain's former finance minister Rishi Sunak held onto his lead in the race to become Britain's next prime minister on Monday as another hopeful was knocked out, leaving four candidates in an increasingly bitter contest to replace Boris Johnson.

Reuters

Consumer confidence falls for seventh month in a row – YouGov/Cebr

Confidence fell to its lowest point last month since August 2020, according to analysis by YouGov and the Centre for Economic and Business Research.

The Independent UK

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Birmingham Post

Business leaders warn train strike could cause 'incredible damage' to the UK economy as RMT members walk out

Hospitality and retail sectors among those likely to be hard hit

Evening Standard

£120m and counting: what strikes will cost London

The biggest shutdown of the national rail network since 1989

The Independent UK

Equity release ‘finances £1 in every £90 spent by retired people within the UK’

Total retirement spending funded by equity release could top £4 billion this year, according to Cebr and Legal & General.

Wales Online

New figures show how much wealth - and happiness - UK has lost since pandemic

72% of us expect to be worse off as a result of inflation

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news in one place.

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The Independent UK

Households ‘could face £100-per-month budget shortfall by 2024’

Costs are rising at a considerably higher rate than incomes, the Yorkshire Building Society report said.

The National (Scotland)

Home Office told to fix passport mess amid fears a million people could miss trips

THE UK Home Office must take urgent action over passport delays amid suggestions a million people could miss out on summer holidays because of…

Wales Online

Welsh morning headlines: The latest news, coronavirus, Ukraine and sport news as New Zealand welcomes back international tourists

It is the first time for two years that UK travellers can visit the country

The Guardian - UK

Five things every employer should know about making hybrid really work

With staff coming to expect new ways of working to remain permanent, here are five ways businesses can improve the employee experience

Birmingham Post

Rising costs and drop in orders lead North East economy to struggle

New survey by NatWest paints a worrying picture for the North East economy

Manchester Evening News

Cheapest petrol and diesel prices from Morrisons, Sainsburys and Costco

Tesco also has some of the cheapest fuel prices in and around Manchester today

Manchester Evening News

Petrol prices could fall by as much as 8p per litre in the coming months

“At last some light at the end of the tunnel for motorists and hauliers"

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