News

UK retail sales experienced a sharp decline in March, marking the sixth consecutive month of drops, as fragile consumer confidence continues to weigh on spending. The CBI survey reveals a bleak outlook, with sales expected to continue falling in April, highlighting the urgent need for government action to address the challenges facing the sector.

A landmark ruling by the Court of Appeal has empowered UK businesses to reclaim hidden fees charged by energy brokers, marking a pivotal step in holding them accountable for mis-selling practices. The judgment emphasizes the principle of informed consent and raises the bar for transparency, giving businesses a stronger legal foundation to challenge unfair practices and pursue claims for undisclosed commissions.

Inflation in the UK unexpectedly fell to 2.8% in February, offering temporary relief but underlying pressures and energy price risks mean interest rate cuts will likely be slow and measured. The Bank of England is expected to proceed cautiously, weighing the risk of second-round effects where inflation drives wage growth, fueling further price rises.

Premium mixer brand Fevertree reported a strong full-year performance, with surging US sales helping to counterbalance a dip in its domestic UK market. The company's adjusted profits jumped by an impressive 66% to £50.7 million, driven by market share gains in the US and diversification beyond tonic water.

Chancellor Rachel Reeves has pledged £3.25 billion to public service reform, placing AI and cutting-edge technology at the heart of government efforts to boost productivity, modernize operations, and support long-term economic growth. This investment aims to harness AI to cut costs, improve efficiency, and drive innovation across public services, with a focus on supporting economic resilience, job creation, and national security.