Drivers may soon pay over 150p per litre for fuel following substantial price increases, raising concerns about potential profiteering at petrol stations.
Concerns over inflation rise with a 3p increase in petrol prices
In just three weeks, petrol prices have surged by 3p, sparking inflation worries for the Chancellor ahead of next month’s Budget announcement, according to recent data.
In September, petrol prices increased by 5.1p per litre.
Between August and September, the average petrol price increased by 5.1p per litre, as reported by the Office for National Statistics, keeping inflation steady at 6.7%.
UK will have highest inflation of world’s richest nations for two years, says Moody’s
Moody’s cautions that the UK is projected to maintain the peak inflation rate among G7 nations until at least the conclusion of 2024.
Following the ‘greedflation’ controversy, Asda publishes fuel costs online
Asda has emerged as the pioneering supermarket to disclose its local fuel prices online, following indications from regulators that companies were amplifying their profit margins at the pump, a practice
Former US Treasury Secretary asserts that Brexit was ‘a monumental mistake’.
Larry Summers, the former US Treasury Secretary, has branded Brexit as a ‘historic blunder’ that has sparked inflation.
Rishi Sunak to secure new Brexit deal this weekend, with a legal text presented to Parliament on Monday.
According to No 10, talks between the Prime Minister and Commission President Ursula von der Leyen have resulted in a number of last-minute concessions from the EU.
As UK food prices rise to a new record high, household grocery bills increase by £788
After signs that food inflation has passed its peak in January, shoppers are now facing the largest increase in grocery bills ever recorded.
Brexit deal in danger amid concerns that Rishi Sunak will give in to EU demands
The Democratic Unionist Party (DUP), and Tory backbenchers have warned Rishi Sunak against “giving in” to the EU during negotiations over Northern Ireland Protocol.
Research finds that Brexit has added almost £6bn to UK’s food bills over the past two years
Research has shown that Brexit increased the UK’s food bill by almost £6bn in the two years up to 2021. This impacted the poorest households the most.
Egg shortage helps drive food inflation, are UK supermarkets paying fair trade prices to British farmers
Food inflation reached a record high in November due to egg shortages. Meanwhile, rising milk and meat prices will cause Christmas dinner costs to rise sharply.
Waitrose shuns purchase limits on eggs & support British Farmers
Waitrose pledges a £2.6 million investment in its egg suppliers, as it is one of few supermarkets that does not impose purchase limits.