Businesses showing signs of strain towards winter.
Inflation and energy prices remain top business concerns
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Current Affairs
Black Friday sees upturn in retail sales
Spending data shows a 33% increase in retail footfall.
Manufacturing sector facing a tough winter
Despite a rise in output volumes, production is expected to decline.
Five-year mortgage rates fall below 6%
New data indicates mortgage rates are returning to normal.
Tax take soars to £432.8bn
Total tax take for 2021/22 so far is £41.5bn higher than last year.
CPI rises to highest level in 40 years
Rising energy costs considered to be the main contributor.
Real-terms pay continues to fall
Soaring inflation affects real-terms pay, despite record wage increases.
Base interest rate rises to 3%
The Bank of England introduces its largest hike in 33 years.
Third of hospitality businesses at risk of going bust
Soaring energy and food prices are putting a strain on the sector.
Weekly footfall below pre-pandemic levels
Credit and debit card spending drops across all areas.
Median real terms pay falls by 2.6%
Soaring inflation sees real terms rate drop in the year to April.
Inflation rises to 10.1% in September
The rate of inflation returns to July’s 40-year high.
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