People are suffering right across the country. Everyone is finding life challenging at the moment. A temporary VAT cut could reduce the cost of fuel by around 13p per litre for petrol and 16p for diesel.
Lidl is to open 50 new UK stores in the year ahead as it aims to overtake Morrisons as the country's fifth largest supermarket chain. The German-owned retailer, which now has more than 1,000 British stores, said it planned to invest more than 600m in UK growth, creating almost 2,000 jobs as it expands its warehouse and logistic network to supply its new outlets.
Drivers will feel some short-term relief as petrol and diesel prices edge lower, and markets are reacting strongly to the pause. But oil remains elevated, and that continues to feed through the entire economy, into prices, business costs and investment decisions.
US News & World Report evaluated 859 cities to rank the 250 best places to live, focusing on quality of life, value, desirability, job market, and net migration. Texas cities, particularly El Paso, Austin, and Fort Worth, excelled in this ranking, showcasing the state's appeal in urban living.
We expect the UK's disinflation story will take another twist on its (eventual) way down to target. The good news is that CPI is still expected to slide down in the coming months. The bad news? Higher energy prices appear poised to lift CPI meaningfully over summer, adding yet another hump in the inflation profile.
"Most officers cannot afford to live in Atlanta, so they're living an hour, sometimes an hour-and-a-half away from work and need to commute. That's probably why you may see a big difference in larger airports."
