Rolling coverage of the latest economic and financial news, as UK private sector output rises at fastest pace for nine months
- UK retail sales dampened as shoppers stay home in wet weather
- What are the UK’s ‘fiscal rules’ and why is the OBR under attack?
Shares in Greggs have jumped 2.5% in early trading, after it reported a 27% rise in profits this morning (see 7.47am).
Most of the bakery chain’s staff will also benefit, as Greggs shares 10% of its profits with team members with at least six months of service.
“The Spring Budget presents a pivotal moment for addressing the pressing concerns facing petrol retailers across the UK.
Fuel duty has long been a key concern, providing relief to motorists amidst escalating living costs. Temporary cuts and freezes have been welcome, offering relief amidst economic uncertainty. However, the prospect of reversing these measures poses a threat, potentially aggravating the financial strain on consumers already grappling with volatile global energy prices.
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