Josie Clarke

UK retail footfall fell 2.1% year on year in July, with high streets down 3.8% and shopping centres down 1.4%. London recorded a 5.3% decline as persistent heat discouraged shoppers. The British Retail Consortium attributed the weak performance partly to extreme temperatures linked to climate change and called for a review of business rates. Sensormatic data showed that six of the first seven months of the year performed worse than the same period previously, amid exceptionally hot and dry weather.

UK retail footfall fell 2.1% year on year in July, improving from June’s 3.4% decline but remaining below the previous year. High streets saw a 3.8% drop, shopping centres fell 1.4%, and London recorded a 5.3% decline as extreme heat discouraged travel and shopping. Retail experts said the sector has yet to experience a meaningful “Burnham bounce” under the new prime minister, while retailers are adapting through cooling, refrigeration and emissions-reduction investments. The British Retail Consortium also criticized business-rates policy for penalizing such investments.

Which? found that several omega-3 supplements marketed as “high strength” contained relatively low amounts of the active fatty acids EPA and DHA, with some costing twice as much as cheaper alternatives providing the same or greater nutritional value. Products from Superdrug, Morrisons and Sainsbury’s contained 250mg of combined EPA and DHA, while Holland & Barrett’s 1500mg product contained 375mg. By contrast, Nutravita, Weightworld and Zipvit products delivered at least 1000mg for less than 20p per dose. Retailers said their labeling complied with legal requirements, which allow high-omega-3 claims at much lower levels. Which? urged consumers to check the EPA and DHA content on the back of packaging rather than relying on prominent fish-oil or “high strength” claims.

One in six Britons are reportedly taking drastic measures to cope with heatwaves, including sleeping in kitchens or missing work. Citizens Advice says millions live in homes that cannot be cooled, with tenants more likely than homeowners to feel powerless over overheating. The charity is calling for government investment in insulation, ventilation and heat-network upgrades through the Warm Homes Plan to address overheating as a year-round housing crisis.

A Citizens Advice survey found that one in six Britons are taking drastic measures to cope with heatwaves, including sleeping in kitchens, gardens or balconies, missing work and booking hotels. Poorly designed homes, expensive cooling equipment and a lack of control over heating are leaving millions in overheated properties, with tenants particularly affected. Citizens Advice chief executive Clare Moriarty called for the government’s Warm Homes Plan to improve insulation, ventilation and heat networks, while weather forecasts indicated cooler conditions could provide temporary relief.

The UK Advertising Standards Authority upheld 30 complaints about posters advertising Lee Cronin’s The Mummy, ruling that the realistic image of a mummified woman could be understood as a dead child and might distress children. The posters, including one displayed on the London Underground and another on an outdoor billboard visible from a nursery, were deemed unsuitable for untargeted outdoor advertising. Warner Bros argued that the character was a living mummy and that the imagery avoided violence and gore. The ASA did not uphold separate complaints about television and Underground advertisements for Warner Bros’ They Will Kill You, finding the imagery stylised and the post-7.30pm television restriction adequate.

The UK Advertising Standards Authority banned public display of posters for Lee Cronin’s horror film The Mummy in locations where children might see them after receiving 30 complaints. The regulator said the mummified female figure created a realistic impression of a dead child and could cause distress. Warner Bros defended the campaign, saying the image depicted a living mummy and was prepared responsibly. Complaints about advertising for another Warner Bros film, They Will Kill You, were dismissed because the imagery was considered stylised and scheduling restrictions were deemed adequate.

A YouGov poll commissioned by the Press Association found that 11% of households under hosepipe bans do not intend to fully comply, while 5% remain undecided. Seven water companies have imposed temporary use bans affecting about 23 million people, or roughly 40% of England’s population. Public support is divided, with 49% backing local restrictions and 35% opposing them; only 10% would report a neighbour for breaching the ban. The restrictions follow the Environment Agency’s declaration of drought in seven areas of central, eastern and southern England.

A YouGov survey of more than 4,200 adults found that 11% of households under hosepipe bans would not fully comply, while another 5% were undecided. The restrictions, imposed by seven water companies and affecting about 23 million customers, have the support of 49% of households and opposition from 35%. Drought conditions and high demand have prompted the bans, which prohibit hosepipe use for activities such as washing cars and filling pools but allow certain food-crop watering and regulated drip irrigation. Water authorities say the measures are needed to protect supplies and the environment, while critics argue that companies should improve infrastructure, reduce leakage and limit executive pay.

Searches for second-hand bridesmaid dresses on Vinted have risen 17% year on year, as many women report that the role costs more than expected. A survey of 2,000 UK women found that 24% had considered declining a bridesmaid role because of the expense, while 80% regarded reselling a bridesmaid dress as acceptable. Vinted said second-hand outfits allow people to participate in weddings without overspending; formal dresses on the platform average £11, with green, pink and blue the most searched-for colours.

A Virgin Media O2 survey found that parents of children under 18 spend more than two hours a day unintentionally scrolling on their smartphones, amounting to an estimated 88 hours during the summer holidays. More than half of children aged eight to 16 said their parents’ phone use causes them to miss important family moments, while many children believe their parents underestimate how much they use their devices. Virgin Media O2 has launched a digital intentionality score tool to help people understand and manage their phone habits.

Demand for cash increased sharply in Britain during the early summer, with heatwaves, sports events, tourism and everyday lower-value spending contributing to the rise. Businesses deposited nearly £69 million more than in the same quarter a year earlier, while business deposit transactions rose 6% between May and June to more than 1.3 million. Personal cash withdrawals also increased, reflecting continued reliance on cash for budgeting and payments at small businesses, pubs, cafés and other hospitality venues. The Post Office said cash remains vital for businesses managing daily takings and cashflow, particularly during busy trading periods.

A Virgin Media O2 study suggests parents of children under 18 spend an average of two hours and six minutes each day on unintended smartphone use, amounting to about 88 hours over the summer holidays. More than half of surveyed children said parental phone use causes them to miss family moments, while many said their parents do not recognise how much time they spend on their devices. Parents commonly said phones help them relax and stay connected, but children most wanted undivided attention during conversations, family outings and play. Virgin Media O2 has launched a digital intentionality score, based on usage data and self-reported habits, to help people assess and improve their phone use.

A coalition including Tesco, Sainsbury’s, Barnardo’s and WWF-UK has urged Andy Burnham to make food security a national priority and introduce a legally binding Good Food Bill. The proposal would set targets for reducing childhood obesity, increasing fruit and vegetable consumption and cutting household food insecurity. The campaign warns that UK food prices could be 50% higher by November than in mid-2021, while domestic fruit and vegetable production has fallen 16% since 2015 and 78% of supply is now imported, leaving the country vulnerable to international disruptions and extreme weather.

Major food retailers, food companies, charities and farming organisations are urging Andy Burnham to make food security a national priority and introduce a legally binding Good Food Bill. The coalition warns that declining British fruit and vegetable production, heavy import dependence, rising fertiliser costs, extreme weather and biodiversity loss leave the UK vulnerable to future food shocks. It argues that the bill should establish long-term food policy, improve nutrition, reduce childhood obesity and household food insecurity, increase domestic production and strengthen resilience. Campaigners and industry leaders say rising prices are already pushing healthy food beyond the reach of many families and putting additional pressure on the NHS.

Waitrose reports that UK customers are increasingly choosing winter comfort foods during the summer heatwaves, with cottage pie sales up 110% and chicken and ham gratin and South African red wine sales up 68%. Searches for dishes including spaghetti bolognese, toad in the hole and macaroni and cheese have also risen. The supermarket attributes the shift to “feta fatigue” and “reverse comfort eating,” as prolonged heat leaves people craving familiar, substantial meals. The trend coincides with forecasts of temperatures reaching 35C in southeastern England, an exceptionally warm and dry July, and continuing heat-health concerns.

More than 33 million illicit cigarettes and over 800kg of hand-rolling tobacco were seized from UK retail outlets during a year-long crackdown under Operation CeCe. National Trading Standards and HM Revenue and Customs said the seizures represented nearly £24 million in lost revenue, while penalties of £3.5 million have been imposed since enhanced enforcement powers were introduced in 2023. Officials warned that organized criminal groups distribute cheap, unregulated tobacco through shops and vape stores, potentially targeting young people, undermining legitimate retailers and depriving public services of about £1.7 billion annually.

Netflix has marginally overtaken the BBC as the first-choice television service among UK viewers, attracting 26% compared with the BBC’s 25%, while ITV accounts for 15%. YouTube viewing on television has doubled since 2022, and total daily viewing across devices has risen to 41 minutes, including increased use among people aged over 75. Traditional broadcaster content reached 70% of UK viewers for at least 15 minutes in an average week, down from 78% in 2022, despite growth in on-demand services such as BBC iPlayer, ITVX and 5. Netflix supplied two of the most-watched programmes overall, while the BBC continued to dominate major national viewing moments and had eight of the year’s ten most-watched programmes so far. Radio and audio remain widely consumed, with 87% of adults listening to live radio weekly and more than a quarter listening to podcasts.

Electrical Safety First found that all 14 travel adaptors purchased from AliExpress, eBay, Amazon Marketplace and TikTok Shop failed basic safety tests. The devices presented risks including exposed live pins, electric shock, broken pins, fire, missing safety shutters and absent fuses; all six samples tested for fire resistance and flammability also failed. More than 10,000 unsafe adaptors may have been sold in the UK. The marketplaces said they removed the identified listings, while AliExpress announced a broader review. Officials urged travellers to buy electrical accessories from reputable retailers.

A FootyComps survey of 2,000 football fans found that half of Premier League supporters and 46% of EFL supporters cannot afford their teams’ new authentic replica shirts, which can cost up to £90. Rising prices are driving some fans toward counterfeit shirts, second-hand kits and older discounted designs. Police and fire-service warnings highlight risks from low-quality materials, flammability and harmful dyes in counterfeit products, while FootyComps co-founder Simon Pilkington recommends buying regulated, discounted or previous-season shirts instead.

UK authorities have seized more than 33 million illicit cigarettes and 800kg of hand-rolling tobacco, worth nearly £24 million in revenue, from retail outlets over the past year through Operation CeCe. Since 2023, retailers and individuals involved in the trade have received £3.5 million in penalties. Authorities say organised criminal gangs distribute illicit tobacco through shops and vape stores, making cheap products accessible to young people, harming legitimate businesses and costing public services about £1.7 billion annually.

Electrical Safety First tested 14 travel adaptors sold through AliExpress, eBay, Amazon Marketplace and TikTok Shop, and found that all failed basic safety checks. The devices presented risks including electric shock, electrocution and fire, while more than 10,000 may already have been sold to UK consumers. The marketplaces removed the identified listings, and consumers were advised to buy travel adaptors from reputable retailers.

Netflix has marginally overtaken the BBC as the first choice for television among UK viewers, attracting 26 per cent compared with the BBC’s 25 per cent, according to an Ofcom survey. YouTube viewing on television sets has doubled since 2022, while traditional channels continue to lose overall audience share despite growth in on-demand services such as BBC iPlayer. Traditional broadcasters remain capable of drawing large audiences for major national events, and live radio continues to have broad reach.

Waitrose reported sharp increases in sales of winter comfort foods during recent UK heatwaves, including a 110% rise in cottage pie sales and 68% increases for chicken and ham gratin and South African red wine. Searches for hearty recipes also rose, which the supermarket attributed to “reverse comfort eating” and fatigue with summer salads. Temperatures in parts of southeastern England were forecast to reach 35°C.

Waitrose reported sharp increases in demand for winter comfort foods during UK heatwaves, including a 110% rise in cottage pie sales and 68% increases for chicken and ham gratin and South African red wine. Searches for hearty recipes such as spaghetti bolognese, toad in the hole and macaroni and cheese also climbed. The retailer attributed the trend to consumers experiencing “reverse comfort eating” and tiring of traditional summer salads.

UK shop price inflation slowed to 0.9% year on year in July from 1.2% in June, while non-food inflation fell to 0.2% and food inflation eased to 2.2%. Shoppers benefited from summer promotions, including discounts on snacks, alcohol, clothing and footwear, although fresh food inflation increased to 3.1%. The British Retail Consortium and NIQ warned that employment costs, packaging taxes, global instability, climate-related disruption, and higher manufacturing and chip costs could put renewed pressure on prices.

Replica-shirt prices have risen at eight Premier League clubs, with Tottenham charging £90 for an adult shirt and Chelsea £89.99. Coventry City recorded especially large increases for children’s kits. Consumer expert Scott Dixon condemned the rises as exploitative, particularly for families, and warned that pricing fans out could encourage counterfeit purchases. The article also reports that UK authorities seized more than £18 million worth of counterfeit football merchandise, including over 220,000 items, during enforcement operations.

Sainsbury’s has signed 10-year partnerships with British growers Thanet Earth and Evesham Vale Growers to increase supplies of domestically grown tomatoes, peppers and cucumbers. The agreements aim to reduce the supermarket’s vulnerability to weather-related disruptions affecting imports from Europe and North Africa, following widespread UK salad shortages in early 2023. Thanet Earth plans to use controlled-environment technology at its Kent glasshouses to grow British cucumbers through winter, while a new Taste the Difference salad selection is expected to reach shelves in summer.

UK consumer confidence rose sharply in July, with GfK attributing the six-point increase partly to Andy Burnham’s arrival as prime minister, summer heatwaves and the feel-good effect of the World Cup. Confidence remains negative overall, while expectations for the economy, major purchases and personal finances improved to varying degrees. Burnham has begun his premiership by promising a cost-of-living government, including measures such as cutting VAT on energy bills, capping bus fares, ending rough sleeping and rebalancing business rates. Sustaining the improvement will depend on consistent delivery against high household costs and weak economic growth.

UK consumer confidence rose six points in July to minus 17, the largest monthly increase since November 2023. Optimism about the past and expected economic situation improved, while confidence in major purchases and future personal finances also strengthened. The gains were linked to summer weather, the FIFA World Cup, Andy Burnham’s appointment as prime minister and hopes for more stable fuel prices. The survey was conducted before Burnham took office and before his administration pledged to focus on the cost of living and reverse Thatcher-era economic policies.

VAT will be removed from UK household electricity bills from 1 October, cutting about £45 from a typical annual bill, though analysts and consumer advocates warn the impact will be limited due to a forecast rise in the energy price cap. Martin Lewis welcomed the move but said higher wholesale costs and expected cap increases will offset most of the savings. Industry analysts cite continuing instability linked to Middle East tensions, while campaign groups argue further targeted support and structural reform of energy pricing are needed to address high bills and energy debt.

UK grocery price inflation slowed to 2.6% in the four weeks to July 12, its lowest rate since December 2024 and the fifth consecutive month of easing. Despite this, the average household grocery bill was £156 higher over the previous 12 months. Supermarket visits reached 497 million, driven by heatwaves and England’s progress in the World Cup, which boosted demand for beer, burgers, frozen lollies and bottled water. Wimbledon also generated substantial spending on strawberries and cream. Lidl recorded the largest market-share gain, while Morrisons, Co-op and Sainsbury’s also improved; Tesco sales rose modestly, and Asda remained in decline despite narrowing its losses.

The National Lottery is set to launch Powerball in the UK, marking the game’s first operation outside the United States. Tickets will cost £4 per line, with the first draw scheduled for Thursday and jackpots starting at £12 million, potentially reaching billions. The launch follows changes to Lotto and a major technology upgrade; National Lottery sales reportedly reached £8.1 billion in 2025, generating £1.7 billion for good causes.

Powerball is set to launch in the UK at £4 per line, marking the first operation of the game outside the United States. UK players will be eligible for uncapped jackpots starting at £12 million, with a possible opening jackpot of £311 million and payouts spread over 30 years. The UK version includes an additional fixed £8 prize tier and a fixed £1 million prize for matching five main numbers. The launch follows major changes to the National Lottery’s Lotto game and a £450 million technology upgrade. Allwyn reported £8.1 billion in National Lottery sales in 2025, generating more than £1.7 billion for good causes and £967 million in tax.

The UK government has opened a consultation on restricting the loudest fireworks due to concerns about their impact on communities and animals. Consumer protection minister Kate Dearden said the review will examine limiting high‑noise fireworks to professional users, expanding the list of banned pyrotechnics, and reassessing regulations for lower‑risk products. The RSPCA supports tightening fireworks rules, including volume limits, location restrictions near animals, and narrower sales windows. Evidence gathered during the 12‑week consultation will shape final proposals prioritizing public safety and the wellbeing of people, animals and property.

UK pubs are expected to sell around 14 million pints during England’s World Cup semi-final against Argentina, including an estimated six million additional pints above a typical July Wednesday. British Beer and Pub Association forecasts and Barclays transaction data indicate that England’s tournament matches have already significantly increased pub and bar spending, aided by extended opening hours, although many fans are watching at home because of late kick-offs. The match is portrayed as a major sporting and commercial event, with England seeking a place in the final and Argentina relying on Lionel Messi and its recent championship pedigree.

UK pubs are expected to sell 14 million pints during England’s World Cup semi-final, six million more than on a typical Wednesday in July. The British Beer and Pub Association estimates a 75% sales increase, while Barclays data shows that previous England matches significantly increased transactions at pubs and bars. Industry representatives view the fixture as potentially the tournament’s most commercially successful night.

The Competition and Markets Authority has urged UK and devolved governments to strengthen protections for more than 1.5 million households that use heating oil, which are not covered by Ofgem’s energy price cap. Prices surged after conflict in the Middle East, with average retail prices peaking 92% higher and some households seeing bills rise from about £500 to more than £1,000. The CMA found that increases largely reflected wholesale costs rather than significant supplier profiteering, but identified weak protections, limited choice in remote areas and around 1,700 customers left without orders after cancellations. It is pressing suppliers to compensate affected customers and recommends registration, clearer pricing, dispute resolution, support for vulnerable households and smaller minimum orders.

The Health and Social Care Committee has urged the UK Government to overhaul England’s food policy to address rising obesity, including mandatory healthy-food sales reporting and targets for supermarkets backed by penalties, a ban on outdoor junk-food advertising, front-of-pack labelling and tighter planning controls near schools. The committee argues that current food prices, promotions and advertising steer consumers toward high-fat, high-sugar and high-salt products, imposing substantial costs on society and the NHS. Industry representatives support mandatory reporting and assistance for smaller manufacturers but oppose excluding food producers from policy discussions. The report also highlights an advertising loophole that allowed Domino’s, Papa John’s, KFC and Burger King promotions to continue despite new restrictions.

MPs on the Health and Social Care Committee are calling for the UK Government to adopt stronger measures to prevent obesity, including banning outdoor advertising of junk food, mandatory front-of-pack nutrition labels, healthier-food sales targets for supermarkets backed by penalties, planning restrictions on fast-food outlets near schools, and improvements to Healthy Start cards. The committee says England’s food environment encourages consumption of cheaper high-fat, high-sugar and high-salt products, contributing to obesity-related health and economic costs estimated at £74.3 billion annually. Food manufacturers support some reporting and reformulation measures but oppose being excluded from policy discussions, while the Advertising Association disputes the effectiveness of advertising restrictions and emphasizes inequality, affordability and access to healthy food.

UK pubs are expected to serve more than 64 million pints of no- and low-alcohol beer this summer, around eight million more than last year, following record category growth. The British Beer and Pub Association says consumption reached about 200 million beers last year and has risen 870% since 2013. It is urging the government to raise the legal threshold for “alcohol free” beer from below 0.05% ABV to 0.5%, bringing the UK closer to international standards and encouraging greater investment and consumer choice. Brewers and alcohol-free beer companies report stronger summer demand, including consumers alternating between alcoholic and alcohol-free drinks.

UK retail sales rose 1.9% year on year in June, while non-food online sales increased 5.1% as consumers used e-commerce to avoid the heatwave. In-store non-food sales fell 1.1%, although demand for fans, air-conditioning units and paddling pools lifted home-appliance sales. The men’s World Cup also boosted food, drink, home-electrical and pub spending, with England match days producing particularly sharp increases in transactions. Analysts said the hospitality sector benefited, but warned that the wider economy had slowed and expected only modest growth in the second half of 2026.

UK retail footfall fell 3.4 percent in June, driven by unusually high temperatures that reduced high street visits while air‑conditioned shopping centres and retail parks proved more resilient. Scotland was the only nation to see an increase, while England, Wales and Northern Ireland experienced declines. Rising costs, low consumer confidence and more deliberate shopping trips added to pressure on retailers.

Record high temperatures in June drove a 3.4 percent year‑on‑year decline in UK retail footfall, with high streets hit hardest. Shopping centres and retail parks experienced smaller drops as consumers sought cooler environments. Scotland was the only nation to record an increase. Industry leaders highlighted rising operational costs as a larger ongoing challenge for retailers and noted that cautious consumer behaviour and wider economic uncertainty continue to weigh on discretionary spending.

The UK Government is proposing the biggest overhaul of veterinary regulation in 60 years. Measures include an independent veterinary ombudsman, mandatory licensing and inspections for vet firms, published compliance reports, clearer ownership and pricing information, a comparison website, and a £21 cap on written prescription fees. The reforms are intended to give pet owners a clearer route to redress, improve price transparency and strengthen accountability. The Competition and Markets Authority and the Environment, Food and Rural Affairs Committee support the proposals.

Lavazza warns that UK coffee prices will remain elevated for at least two more years due to extreme market volatility driven by climate impacts, geopolitical tensions and speculation. Arabica and robusta prices have surged sharply since 2021, with delayed harvests in Brazil and the effects of El Niño contributing to supply pressures. Despite rising retail costs, UK consumers continue to buy coffee, supporting a 13 percent revenue increase for Lavazza.

The Advertising Standards Authority cleared several adverts for Domino’s, KFC, Burger King and Papa John’s under new UK rules restricting the promotion of less healthy foods, ruling that the featured products did not meet the criteria for restricted items or were visually distinct from less healthy alternatives. Ads from Morley’s and M&M’s were banned for clearly depicting products classified as less healthy. The ASA highlighted complexities in the nutrient classification system and noted that reformulation by companies can bring products below the regulatory threshold, aligning with government aims to incentivise healthier product development.

A consumer watchdog investigation found 150 potentially lethal baby products, including self-feeders, sleep pillows and sleeping bags, being sold on major online marketplaces despite safety alerts from regulators. The items posed risks such as choking, suffocation and overheating, with several platforms hosting multiple dangerous listings. Most companies removed the products after notification, though some hosted numerous unsafe items or failed to respond. Which? warned that online marketplaces are not doing enough to prevent hazardous products from reaching consumers.

A Which? investigation uncovered 150 unsafe baby products, including self-feeding devices, sleep pillows and sleeping bags, being sold on major online marketplaces in the UK. Many items posed risks such as choking, suffocation and overheating, despite existing safety alerts from the Office for Product Safety and Standards. Listings appeared across Amazon, eBay, Etsy, AliExpress, Alibaba, OnBuy, TikTok Shop and Wish, with all but Wish removing flagged products after notification. Which? urged stricter regulation of online marketplaces, warning that unsafe items remain easy to find and continue to put infants at risk.

New financial risk assessments will be introduced for high-spending online gamblers, beginning with those depositing £5,000 within 24 hours. The Gambling Commission aims to identify customers in financial distress using frictionless checks conducted by credit reference agencies, without affecting credit scores. Thresholds will later extend to lower deposit levels and younger customers. A pilot indicated that nearly all high-spending accounts can be assessed automatically, with only a small minority requiring additional verification. Regulators emphasised the checks are not affordability assessments but a means to prevent financially vulnerable individuals from continued exposure to gambling incentives. Government officials welcomed the phased implementation approach.

A Citizens Advice survey indicates that around a quarter of UK homeowners experienced problems with recent home repair work, including unfinished or unsafe jobs and costly disputes with traders. Many homeowners faced financial losses and significant stress, while barriers to resolving issues remain common due to voluntary dispute‑resolution mechanisms. Distrust in the sector has led some people to avoid or delay repairs. Citizens Advice is urging the government to introduce mandatory licensing and clearer redress routes to improve standards and protect consumers.

England advanced to the World Cup quarter-finals after a 3-2 win over Mexico, a late-night match that left many fans tired the next morning. Keir Starmer watched the game with his son in the Downing Street flat and expressed pride in both the team and being English. Fans joked about taking sick days, while early education minister Olivia Bailey urged children to attend school and celebrate with friends despite fatigue.

Keir Starmer expressed pride in England’s World Cup victory over Mexico after watching the late match with his son, despite being tired from staying up past 4am. He praised the team’s performance in difficult conditions and looked ahead to the quarterfinal. Fans who watched the match described missing work due to the late kickoff, while minister Olivia Bailey encouraged children to attend school despite fatigue, emphasising resilience and the importance of attendance.

UK players will gain access to the Powerball lottery from 21 July, joining the US in competing for jackpots that can exceed £1 billion. Tickets will cost £4 per line, and the game introduces new UK-specific prize tiers, including fixed awards of £8 for matching two numbers and £1 million for matching five. The launch follows major updates to the National Lottery, including a £450 million technology upgrade and changes to Lotto designed to increase the number of millionaires. Allwyn reports rising lottery sales and greater contributions to good causes as preparations begin for the first UK Powerball draw on 23 July.

Late-night England World Cup celebrations drove a major surge in footfall across UK high streets after extended pub opening hours, with regional cities and towns seeing the strongest increases. Hospitality leaders welcomed the economic boost, while strong sales of beer and pizza were reported. Jude Bellingham encouraged fans to enjoy the moment after scoring twice in the match.

The UK competition regulator launched an investigation into childcare affordability and availability in England, focusing on challenges faced by families and pressures on providers. The review will assess childcare supply, costs, government funding, and how market practices influence parental choice. Government-funded support plays a significant role in the sector, which includes more than 53,000 providers. Recent studies highlight shifts in provider types, including growth among private equity providers and a sharp decline in childminders. CMA chief Sarah Cardell said the probe aims to identify changes needed to support families and strengthen the sector.

More than five million UK households without smart meters are urged to submit meter readings as a 13 percent rise in the energy price cap takes effect, increasing average annual bills to £1,862. The increase, driven by global wholesale energy volatility linked to Middle East conflict, comes as the government cites existing support measures and considers targeted winter assistance. Forecasts indicate energy costs will remain high into winter, despite slight easing in October. Energy debt has reached a record £4.79 billion, raising concerns about affordability for households.

Consumer watchdog Which? warns UK holidaymakers that some fashionable mosquito repellents, including Pestects bracelets and Meadows Organic Citronella Spray, offer almost no protection despite marketing claims. Testing shows Asda’s low-cost Extra Strength Insect Repellent provides over nine hours of effective protection, outperforming pricier alternatives. Products containing DEET, Picaridin or plant-derived PMD deliver long-lasting results, underscoring that reliable protection does not require expensive or trendy options.

Consumer tests by Which? show several trendy eco-friendly mosquito repellents offer almost no protection, with some failing in under three minutes. Asda’s inexpensive spray and multiple DEET-based or alternative chemical repellents were found to provide over nine hours of protection. The watchdog highlights that effective protection does not require high prices or harsh formulas, urging holidaymakers to choose proven products over fashionable but ineffective options.

Martin Lewis criticised water companies for using confusing terms such as “equivalised income,” arguing that poor communication prevents millions from accessing social tariffs. He urged regulators to enforce clearer, standardised communication across utilities. Anne Pardoe of Citizens Advice echoed concerns about low awareness and lack of standardisation in water and broadband tariffs, noting that voluntary schemes give companies little incentive to improve. Both highlighted systemic issues across water, energy, and broadband sectors, including the growing reliance on AI chatbots that hinder access to real customer support.

Household energy costs are expected to stay high through winter despite a modest forecasted decline in October, following a £221 rise in the price cap. Market stability from the US–Iran ceasefire remains fragile due to uncertainty over the Strait of Hormuz and regional infrastructure damage. Cornwall Insight projects typical bills around £1,849 from October, with the impact heightened as heating use increases. Ofgem’s price cap rise reflects global energy disruptions caused by Middle East conflict. Rising energy debt and ongoing cost‑of‑living pressures create pressure on the new government to consider support measures, though no firm plans are in place.

A new Seafish report shows UK prices for haddock and chips averaging £10.29 and cod and chips £11.41, driven by rising costs for fish, potatoes, oil and energy. The study highlights the importance of fish and chip shops to local economies, their role in promoting diverse seafood options, and the sector’s resilience as businesses adapt menus and operations in response to changing conditions. Industry leaders welcome the report for helping benchmark and assess the economic value of the fish and chip sector.

Live Nation reports an 18% rise in UK live event attendance compared with last year, with 4.3 million people expected at its shows in June. Major performances across the UK, including record-breaking runs by Harry Styles and landmark stadium shows by Bad Bunny, contribute to what is projected to be the busiest fortnight of the year. Fans are also generating significant additional economic activity, spending an average of £122 on surrounding businesses such as hotels, restaurants and transport.

Energy debt across Britain has risen to a record £4.79 billion, ahead of a 13% increase in Ofgem’s price cap on July 1. The number of households repaying debt and the average amounts owed have grown, with arrears for those without repayment plans nearly double those on arrangements. Ofgem, Citizens Advice, National Energy Action and Energy UK warn that rising debt is worsening pressure on vulnerable households, increasing future costs, and limiting industry capacity. Sector figures call for coordinated action including a comprehensive debt strategy, improved home move processes, wider adoption of smart prepayment systems and targeted government support.

A temporary VAT reduction has taken effect across UK attractions, cinemas and restaurants to ease family costs during the summer holidays. The scheme reduces prices at major theme parks, safari parks, cinemas and food chains, with businesses such as Merlin Entertainments, Longleat, Odeon and others passing on savings. Running until September 1, the measure is estimated to cost around £300 million and includes free bus travel for children in England. Government leaders emphasise support for families under financial pressure, while industry groups welcome the boost to visitor attractions and hospitality sectors.

A survey of 2,080 UK adults shows 81% have changed their food habits due to rising costs, with households with two children most affected. High ingredient prices discourage experimenting with new dishes, and many people rely on repetitive meals. Some retirees have shifted to energy‑efficient cooking methods such as air fryers. Despite pressures, many respondents report benefits from planning meals and batch cooking. Good Food’s content director notes that financial caution is pushing people toward healthier, lower‑cost eating habits.

A temporary VAT cut running from 25 June to 1 September reduces the cost of family activities and children’s meals across the UK, covering major attractions, cinema chains and restaurant groups. The £300 million programme also provides free bus travel for children aged five to 15 in England during August to ease cost of living pressures.

A temporary VAT reduction beginning 25 June lowers prices at UK attractions, cinemas and restaurants under the Great British Summer Savings scheme. The initiative, announced by Chancellor Rachel Reeves and backed by Prime Minister Keir Starmer, aims to ease cost-of-living pressures and runs until 1 September. Major attractions and restaurant chains are cutting prices on tickets and children’s meals, while the Treasury estimates the programme will cost £300 million and includes free August bus travel for children. Industry groups welcomed the VAT cut as a boost to visitor attractions and hospitality.

Tesco has expanded eligibility for its Clubcard loyalty scheme to 16 and 17-year-olds, giving them access to discounts and reward points through a new digital-only version accessed via the Tesco app or website. Teenagers can join by invitation from a parent or guardian’s existing account, addressing earlier criticism that age restrictions prevented younger shoppers from benefiting from reduced prices such as the lunchtime meal deal.

Tesco is extending its Clubcard scheme to 16- and 17-year-olds, allowing them to access discounted prices and collect points through a digital-only card linked via a parent or guardian’s account. The move responds to criticism over age restrictions on loyalty programmes and is expected to be widely used given the scheme’s large existing membership base. The announcement comes as grocery price inflation continues to ease and Tesco maintains a strong market share.

The UK Advertising Standards Authority banned advertisements by Calvin Klein, Adidas and Uniqlo after determining that their claims about recycled materials were misleading and unsupported. The brands failed to provide evidence that their products were made entirely from recycled materials, despite language that suggested otherwise. The rulings are part of a broader ASA effort to scrutinize environmental advertising claims, following similar actions against Lacoste, Nike and Superdry. The regulator emphasized the need for clear, substantiated claims, while Uniqlo stated it had complied with required actions and remained committed to transparency.

Retailers across the UK report sharp increases in sales of cooling and summer-related products as a heatwave approaches, with major chains citing spikes in demand for fans, air conditioning units, ice, ice cream, barbecue foods and sun cream, alongside strong interest in seasonal household items.

Retailers across the UK are seeing sharp increases in sales of cooling and summer-related products as extreme heat drives consumer demand. Currys, Lakeland, John Lewis, Tesco and Aldi all report major spikes in sales of fans, ice cream, sun cream, barbecue items and other seasonal goods, reflecting widespread efforts to cope with the heatwave.

Grocery price inflation eased to 3 percent in June, reducing concerns that the Middle East conflict would drive up UK supermarket costs. Warm weather and record May heat boosted sales of seasonal items including suncare, burgers and low-alcohol drinks, while World Cup promotions increased spending on beer, snacks and chilled pizza. Retailers continued to compete with high levels of promotions as nearly a third of grocery spending was discounted. Ocado recorded the fastest growth, Co-op returned to expansion following last year’s cyberattack, Tesco maintained its market lead and Asda saw a decline in sales.

British spending on Amazon Prime Day is expected to hit a record £2.24 billion, driven by World Cup–related purchases and home upgrades. Forecasts show major increases in demand for streaming devices, projectors, televisions and wearable tech. Adobe attributes the rise to shoppers delaying purchases to take advantage of Prime Day discounts, while Samsung reports strong pre-tournament projector sales. England’s 4-2 World Cup win over Croatia drew peak audiences of 15.4 million on ITV, underscoring heightened national engagement during the tournament.

Consumer confidence among young adults has fallen sharply, with GfK data showing a significant 11‑point drop for those aged 16 to 29. No demographic group now reports positive confidence levels, including high‑income households. Measures of personal finances and the economy over the past year have slipped, while expectations for the wider economy have risen slightly but remain low. Confidence in major purchases is unchanged and weaker than a year ago.

Marks Electrical is refunding nearly 40,000 customers and paying a £720,000 fine after the Competition and Markets Authority found it had automatically enrolled buyers into paid optional services without consent. The retailer admitted breaking consumer law, stopped the practice once investigated, and received a reduced penalty for early settlement. Customers will be refunded automatically according to their original payment method, with the CMA stressing that automatic opt-ins for paid extras are illegal and warning other businesses to review their policies.

Experts told the House of Lords that gambling advertising in football and across digital platforms has expanded significantly, creating widespread normalisation among young people and contributing to rising gambling-related harm. Researchers highlighted pervasive digital marketing, high volumes of ads and frequent breaches of advertising codes aimed at protecting young audiences. Witnesses warned that current self-regulatory systems are failing to keep pace with increasingly covert and technologically advanced promotion methods, urging stronger digital-focused regulation to address what they described as a growing public health crisis.

Pub bookings for England’s World Cup opener have risen almost 300% as fans plan to watch matches in pubs, with hospitality groups expecting a more than 40% sales boost across the group stage. Industry leaders from UKHospitality, Opinium and the British Beer and Pub Association describe the tournament as a major economic opportunity, driven especially by young adults and communities gathering in pubs to watch the games.

The Advertising Standards Authority banned a Pure Cremation television advert after determining it misleadingly implied an attended funeral service was included in the company’s standard plan. The ruling followed complaints that the advert’s depiction of a post-cremation gathering created the impression of a personal and ceremonial experience the service does not offer. A representative of the National Society of Allied and Independent Funeral Directors welcomed the decision, warning that misleading marketing can result in poor choices and distress for families.

Pub bookings across the UK have risen sharply ahead of England’s World Cup 2026 match against Croatia, with reservations up nearly 300 percent. The hospitality sector expects a 42 percent sales boost during the group stage, driven by high fan turnout. Polling indicates that 29 percent of UK adults plan to watch matches in pubs, contributing about £600 million to the economy. Industry groups forecast millions of additional pints sold as enthusiasm builds for England’s opening game.

Industry forecasts indicate that UK food inflation will peak later and last longer than previously expected, despite energy prices being less severe than earlier projections. The IGD estimates households with children will face over £200 in additional annual grocery costs in both 2024 and 2025, with pressures from geopolitical tensions, energy costs, labour, policy changes and climate risks extending inflationary effects into 2028. Shopper confidence remains low as food and energy cost concerns reach multi‑year highs, with the IGD warning that businesses must adapt to ongoing margin pressure and prolonged uncertainty.

The UK advertising regulator banned a Pure Cremation television advert for implying that the company’s standard plan included an attended funeral service. Despite a disclaimer stating no service was provided, the Advertising Standards Authority found that the ad’s language and imagery created the impression of a personal and ceremonial experience. The National Society of Allied and Independent Funeral Directors welcomed the decision, warning that misleading marketing can result in poor funeral choices and emotional distress, and urged consumers to consult funeral directors to understand what direct cremation plans entail.

The Advertising Standards Authority banned a Pure Cremation television advert after determining it misleadingly implied that an attended funeral service was included in the company’s standard direct cremation plan. Despite a disclaimer, the regulator found that descriptions of a dignified cremation, a beautiful crematorium, and interactions with staff suggested a ceremonial experience. The National Society of Allied and Independent Funeral Directors supported the ruling, emphasising the need for clear marketing to prevent emotional distress and poor funeral choices, and urging consumers to seek guidance from funeral directors.

A survey indicates that a third of UK adults are in energy debt or worried about falling behind as prices rise, with parents, disabled people and low-income households most affected. Many have reduced energy use, skipped meals or resorted to food banks, and some have borrowed from unsafe lenders. Advocacy groups argue that energy industry profits and weak regulations have contributed to the crisis and call for urgent debt relief and improved energy efficiency measures. Industry representatives warn that household energy debt has reached unsustainable levels and support launching Ofgem’s proposed Debt Relief Scheme.

A significant share of UK adults face energy debt as a 13 percent price cap increase approaches, with the median amount owed reaching £750. Many households are turning off heating, missing housing payments, or skipping meals to cope with costs. Only a minority feel supported by energy suppliers, and few are referred to debt advice. Advocacy groups urge the government to introduce an energy debt relief scheme, improve access to debt support services, and invest in energy efficiency measures.

Polling shows millions of UK adults are either in energy debt or fear falling behind as the energy price cap is set to rise 13 percent in July. Parents and disabled people face heightened risk, with median debts reaching £750 and many turning to food banks or unsafe borrowing. Support from energy suppliers is inconsistent, and few customers feel treated fairly. Advocates from the End Fuel Poverty Coalition and the Centre for Sustainable Energy warn the crisis stems from unaffordable bills and industry profiteering, urging swift implementation of a debt relief scheme and long-term investment in efficiency to reduce household energy use.

British supermarkets and restaurants are seeing a surge in demand for 1980s dishes, driven partly by renewed interest following the return of Jilly Cooper’s Rivals to television. Waitrose reports major sales increases in items such as prawn cocktails and tarte tatin and is releasing a dedicated 1980s dinner party guide. Restaurants including The Savoy Grill and Gordon Ramsay’s Bread Street Kitchen are adding retro desserts like rum baba and pavlova to their menus. The revival extends to fashion, with ’80s-inspired jewellery and styles highlighted by Vogue and Marie Claire.

A national report shows that healthy eating has become increasingly unaffordable for low‑income families in the UK, with the poorest households needing to spend nearly half of disposable income—and those with children as much as 85 percent—to meet official dietary guidelines. Healthy foods remain far more expensive than unhealthy alternatives, while fast‑food outlets are disproportionately concentrated in deprived areas. Charities and health organisations urge government action, including mandatory reporting of healthy food sales, expanded support for low‑income families and long‑term measures to ensure nutritional security.

The National Lottery’s revamped Lotto format produced no jackpot winner in its first Wednesday draw, leaving an estimated £3.8 million prize for Saturday. The new structure offers two chances to win per £2 ticket through two rounds of number draws. No participant matched all six numbers in either round, though 94 players won £1,000 for matching five numbers. HotPicks and Thunderball also had no top-prize winners. Allwyn highlighted the increased number of expected millionaires and improved overall odds under the updated game.

Millions of UK households are missing support for essential bills as debt to utility companies exceeds £7 billion, driven by surging energy arrears since Russia’s invasion of Ukraine. Awareness of social tariffs remains low, with regulators criticised for not meeting evolving consumer needs. The National Audit Office urges improved promotion of support schemes, fixes for billing issues, better identification of vulnerable customers and enhanced data‑sharing across sectors.

An investigation by Which? found that most USB phone chargers bought from major online marketplaces were dangerously constructed, posing electric shock, fire and explosion risks. All tested chargers lacked required safety information, making them illegal for UK sale. Consumer groups are calling for updated product safety laws that require online marketplaces to take responsibility for third‑party products.

A Which? investigation found that most of 15 USB phone chargers purchased from major online marketplaces were dangerously unsafe, with many posing risks of electric shock, fire or explosion and lacking required UK safety information. Several chargers, including a counterfeit Apple-branded model, contained crude weighting materials to appear genuine. Experts from Which? and Electrical Safety First urged the UK government to enforce stronger product safety rules and impose legal responsibility on marketplaces for third‑party listings. Retailers reported removing the identified listings and stated that customer safety remains a priority.

Millions of UK households are missing out on support for essential services as debt to water, energy and broadband providers exceeds £7 billion. The National Audit Office reports low awareness of social tariffs and inconsistent regulatory monitoring, despite increased protections since 2019. Debt has risen sharply, particularly in the energy sector following Russia’s invasion of Ukraine. Regulators are urged to improve consumer awareness, address inaccurate billing and switching barriers, and enhance support for vulnerable households. Senior officials warn that rising costs and poor promotion of assistance continue to leave consumers exposed, while regulators acknowledge the need for faster action to improve outcomes.

Retail sales rose sharply in May as a heatwave boosted demand for summer-related products, including food for barbecues and items such as sandals, sunglasses and cooling appliances. UK retail sales increased 3.7% year on year, with both food and non‑food categories outperforming their 12‑month averages. Online sales grew significantly as consumers avoided shopping in hot weather. Barclays data showed modest growth in card spending and improving economic confidence, though concerns about energy and food prices remained high. Travel spending declined as consumers delayed holiday plans despite warmer weather encouraging spending on domestic leisure and seasonal goods.

A new National Lottery format introduces two separate draws for each £2 Lotto line, improving the odds of winning from 1-in-9.3 to 1-in-4.9. Jackpots will continue starting at £2 million with up to five rollovers. Operator Allwyn expects the format to increase the number of annual Lotto millionaires from about 140 to roughly 345. The new structure also extends to the Lotto HotPicks game.

The National Lottery’s Lotto game now features a two‑round draw format, giving players two chances to win with each £2 ticket while keeping jackpots starting at £2 million and maintaining fixed prizes for non‑jackpot tiers. Operator Allwyn expects annual Lotto millionaires to rise from about 140 to roughly 345 and overall odds of winning to improve to 1 in 4.9. Early retail and online purchases have already been made, and Allwyn representatives and previous winners welcome the change as increasing opportunities for significant prizes.

A Citizens Advice survey found that more than four million UK holidaymakers experienced problems with package holidays over the past year, with common issues including unexpected hotel changes, denied refunds and poor customer service. All‑inclusive trips abroad made up a large portion of complaints, and many affected travellers reported stress or extra costs. One traveller described severe disruption in Lanzarote and limited help from the operator, highlighting broader concerns about the reliability of package holiday providers.

Decathlon is expanding its Tent Pledge programme, offering cash refunds of up to half the purchase price or full-value gift cards for returned Quechua tents in an effort to reduce festival waste. The initiative aims to curb the large number of tents abandoned at UK festivals each year and will run until early September for Decathlon members. Returned tents in good condition will be refurbished and resold through the company’s Second Life programme. Sustainability leader Chris Allen and broadcaster Edith Bowman emphasise the environmental and consumer benefits of encouraging tent reuse.

A large Virgin Media O2 study of more than 6,000 UK smartphone users found that over a third of daily phone use is unintentional, amounting to nearly five years of life spent mindlessly scrolling. High levels of such usage correlate with poorer sleep, reduced focus and lower wellbeing, with many users reporting feelings of addiction and a lack of control. Notifications, autoplay features and platform design were widely cited as drivers of excessive engagement. Virgin Media O2 is funding long-term research at Cambridge’s Leverhulme Centre and launching initiatives, including a digital wellbeing manifesto and screen-time awareness tools. UK officials emphasised the need for combined regulatory and educational approaches to improve digital wellbeing.

Consumer group Which? found tremolite asbestos in multiple children’s sand kits sold through Amazon, TikTok, Asda and eBay, leading to recalls by the Office for Product Safety and Standards. One item remained on sale months after the initial recall, prompting an updated notice. With more than 39 asbestos‑related product recalls since November, Which? urges the government to require stronger safety responsibilities for online marketplaces as affected retailers remove the products.

Two children’s sand art kits sold in the UK were removed from sale after consumer group Which? found tremolite asbestos contamination. The products, sold through Amazon Marketplace and TikTok Shop, included a Montessori sand tray and the GL Style Sand Bottle Art set, also available at Asda. Despite earlier recalls issued by the Office for Product Safety and Standards, some listings remained available until May. The issue is linked to sand sourced from quarries in China and has prompted multiple recalls and temporary school and park closures. Which? urged the UK government to strengthen regulation of online marketplaces. Amazon, Asda, eBay and TikTok stated they have removed the affected items and are taking further action.

Consumer group testing uncovered asbestos contamination in two additional children’s sand kits sold in the UK, prompting their removal from online marketplaces and major retailers. The Office for Product Safety and Standards expanded existing recalls, while Which? criticized the continued availability of hazardous products and urged stronger government regulation of online marketplaces. Retailers including Amazon, Asda, eBay and TikTok stated they had removed the affected items and were taking further safety measures.

AI-driven referrals to UK retail sites now convert to sales at significantly higher rates than traditional online searches. Adobe data shows a 182% annual increase in AI shopping conversion rates in May and a 543% rise since early 2023, with AI‑driven site traffic up 393% year‑on‑year in the first quarter. Over a third of UK consumers report using AI assistants for shopping, primarily for research and recommendations, and most trust the results. Adobe’s Vivek Pandya says rising trust in AI reduces product returns and urges retailers to make their digital platforms AI‑ready.

Ofgem will raise the energy price cap by 13 percent from July, increasing typical household bills due to higher wholesale gas costs linked to conflict in the Middle East. A previous government-supported reduction in bills through shifting renewables costs into taxation is effectively cancelled out by the new rise. Forecasts suggest further increases later in the year. Households on standard tariffs may benefit from switching to fixed deals below the price cap, and comparison sites indicate potential savings. Additional cost‑cutting measures include using energy‑saving appliances, adjusting boiler settings and ensuring accurate meter readings.

Grocery price inflation in the UK eased to 3.1 percent in May from 3.8 percent in April, aided by increased reliance on promotions. Ocado posted the strongest sales growth and Lidl achieved a record market share. The moderation in inflation coincides with government plans to suspend some food import tariffs, though instability in the Middle East continues to pose risks. Despite easing pressures, food prices remain elevated due to the slow decline characteristic of the “rocket and feathers” effect.

Grocery price inflation in the UK eased to 3.1 percent in May, but shoppers remain concerned about potential food cost increases linked to the Middle East conflict. Consumers relied more heavily on promotions while spending on full‑price items stagnated. Major grocers including Ocado, Lidl, Tesco, and Sainsbury’s recorded sales growth, with Lidl achieving a record market share. Despite easing inflation, essential food prices remain elevated due to global disruptions and long‑lasting effects described by analysts as a “rocket and feathers” pattern, where prices fall only slowly after major shocks. A UK Government plan to suspend some food import tariffs aims to mitigate pressures, but analysis suggests affordability is unlikely to improve quickly.

Ofgem will raise the energy price cap by 13 percent from 1 July, adding around £216 a year to the average dual‑fuel household bill across England, Scotland, and Wales. The increase is attributed to instability in global energy markets driven by conflict in the Middle East, with the cap rising from the current £1,641. Ofgem chief executive Tim Jarvis cited ongoing market volatility as the cause of higher costs.

Two Instagram advertisements by Oddschecker featuring footballers Harry Kane and Erling Haaland were banned by the Advertising Standards Authority for likely appealing strongly to under‑18s, with the regulator citing the platform’s young audience and the players’ popularity among children. A separate Betway post featuring Thierry Henry was deemed compliant. The ASA also banned advertisements promoting British beef and milk from the Agriculture and Horticulture Development Board after ruling that claims about reduced carbon footprints were misleading because they did not reflect full lifecycle environmental impacts.

A report from the Energy and Climate Intelligence Unit warns that UK supermarket food prices will remain high due to disruptions from the Middle East crisis and El Niño-related climate impacts. The analysis shows food costs surge quickly but decline slowly, with only a small portion of the initial affordability impact reversing even after two years. Prices are projected to remain about 50 percent higher than mid‑2021 levels, reflecting increasing vulnerability to climate and energy‑related shocks.

High food prices in the UK, particularly for staples like bread and pasta, are expected to persist due to the combined effects of Middle East conflict, climate-related weather disruptions and structural vulnerabilities in energy‑dependent food supply chains. Analysis from the Energy and Climate Intelligence Unit shows that price spikes from major shocks decline only slowly, leaving households with sustained higher costs. Experts warn that without reducing reliance on fossil fuels, improving supply chain resilience and implementing long‑term food system planning, food inflation will continue to burden low‑income families and deepen food insecurity.

Consumer confidence rose slightly in May following a fall in inflation, though levels remain below last year. Measures of confidence in the economy and personal finances improved but continue to sit in negative territory, and willingness to make major purchases declined, particularly among lower- and middle‑income households. GfK warned that cost‑of‑living pressures, reduced saving activity, and expectations of renewed price pressures and interest‑rate uncertainty may prevent any sustained recovery.