Britain is at growing risk of tipping into recession this year, with economists warning that a toxic mix of soaring energy costs, weak consumer demand and persistent inflationary pressure is beginning to weigh heavily on the economy. Analysts at Morgan Stanley have cautioned that the UK could be dragged into a “pronounced” downturn by the end of 2026 , as households and businesses grapple with higher costs and tighter financial conditions. The warning comes amid mounting evid

UK consumers are cutting back on spending as rising grocery and energy bills continue to squeeze household finances, according to the latest market analysis. A recent survey indicates that confidence among UK shoppers has slipped, with growing concern over the cost of essential goods driving more cautious behaviour. Around half of consumers who expect the economic outlook to worsen say they have already reduced their spending, while 40% have delayed major purchases. The pres

Asda has announced a fresh pay increase for its store workforce, taking hourly rates to £13.10 from July as competition for frontline staff across the grocery sector continues to intensify. The uplift will apply to around 110,000 hourly-paid colleagues working across its supermarkets and convenience stores. The increase represents a 4% rise and will be phased in over two stages, with pay rising to £12.71 in April before reaching the final rate in July. For employees within th