UK Inflation Accelerated to 18-Month High in July
Consumer prices rose 3.8% from a year earlier, up from 3.6% in June and the fastest pace since January 2024, the Office for National Statistics said Wednesday. The pickup, forecast by the Bank of England, was driven by air fares, hotels and motor fuel.
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UK Households Are Bracing for Higher Grocery Bills, BRC Says
UK consumers remained subdued this month as rising prices threaten to eat into household budgets, a survey by the British Retail Consortium showed. About 42% of respondents in the BRC's August survey said they expect to spend more on groceries over the next three months compared to the previous period, according to a statement Thursday. About 11% said they expect to spend less.
Yahoo
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Honour Newport's past, seize Newport's future
This year is big for the city of Newport. This is our moment to set the foundations for our cultural and economic boom. Our moment to once again show the country that Newport's best days lie ahead of it, not behind it. Newport has a glorious past. Something we should celebrate and remember fondly. From our Roman heritage, the Chartists, steelmaking, TJs and our music scene, to when the city centre was booming with big retail shops. But our world is continuing to change fast. During my first of year leadership, I noticed a common response to how Newport should adapt to this change. For some people, the answer is to go back to the past, to recreate a memory of when Newport was thriving. These memories are to be treasured and celebrated, but if we cling to the past, we will forfeit our present and future. We must act upon and seize on our potential now. The history of the city teaches us this over and over again. Newport has boomed when it led and leaned into previous industrial booms. These booms also meant a surge in the city's population. We are at that point again. Newport is the fastest-growing area in Wales. The 2021 census showed that Newport grew 9.5 per cent between 2011 and 2021, which was nearly double the growth of Cardiff; Wales only grew 1.5 per cent. And this pace of growth is not slowing. A recent report by external consultants estimated that Newport's population would grow 14.2 per cent by 2040, the fastest in the region. In particular, the growth in the under-15s is positive news for the city. Most areas are seeing an aging population. This sector population boom should mean Newport will increasingly become the growth engine for Wales and cement us as an economic powerhouse. However, a population boom is not enough to ensure our prosperity. We must embrace the future to fulfil that potential. We need to be supportive of wealth creators, completely re-engineer the city centre, empower local communities, rethink how a local authority operates as well as welcome and lead technological change, not be scared by it. Newport has always become wealthier based on industry. In the past, it was coal and steel. Now, it leads the way in advanced manufacturing. Nearly every modern electronic device probably has a bit of Newport in it, from a washing machine to a car. At Imperial Park, we have companies building the current and future technologies of the modern world. From AI infrastructure and cloud computing to microchips that make the world tick. We even have a company that builds the machine that builds the microchips, 98 per cent of which are exported. These are highly skilled, high-paying jobs for local people. To fully realise this potential will take persistence, tenaciousness and grit. Something the people of Newport have in spades. There will be ups and downs, setbacks and challenges, but the trajectory is upwards. I, we, the council, can't do this alone. We need the majority of Newportonians to realise the city's potential, support change and not be fearful of the future. There are, and will be, many loud voices, especially on social media, who only sell negativity, depression and blame. That is not a path to success for an individual or a city. Success is based on positivity and fearlessness. We can make this happen if we do not remain locked in by our past. Dimitri Batrouni is leader of Newport City Council.
Yahoo
an hour ago
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Liverpool REJECTED Alexander Isak agreement
Liverpool fans have known for a long time that asking prices are a rough valuation of a player. Teams rarely get the exact amount they're after. A negotiation takes place and eventually, each side has to make a compromise in order to get what they want. It's a fundamental business principle. 🔴 Shop the LFC 2025/26 adidas home range 🚨2025/26 LFC x adidas range🚨 LFC x adidas Shop the away range TODAY LFC x adidas Shop the home range today! LFC x adidas Shop the goalkeeper range today LFC x adidas Shop the new adidas range today! Valuations alongside 'gentlemen's agreements' and 'promises' are easily bypassed and it's easy for teams to become hypocritical - this is an idea that Anfield Watch has explored in more depth through the prism of Newcastle's approach for Yohan Wissa, in connection with their Alexander Isak situation. Earlier this year, in a high profile move for Florian Wirtz, the Reds successfully managed to agree a deal of £100m plus £16m in add-ons instead of caving in and paying Leverkusen's £126m valuation. As such, it should come at no surprise that Isak was never going to leave for £150m and while a deal looks to be off this summer, insider information has been revealed regarding how much Newcastle were willing to sell him for, had they have subsequently brought in a new striker this summer. 13% discount for Isak was available According to Craig Hope, the 'not for sale' stance coming out of Tyneside was actually a massive lie. In his latest report, he said: "The club have pursued alternatives to Isak all summer. Had one of Joao Pedro, Liam Delap, Hugo Ekitike or Benjamin Sesko been signed, Newcastle would have explored his sale. "Sources believe a deal in the region of £130m plus add-ons would, in the end, have seen an agreement reached between them and Liverpool. However, with each passing day and target gone, that likelihood has decreased." As such, the Reds would have needed to put up more money, but both sides would have compromised, which is exactly how all pieces of transfer business unfold. As said, it's a negotiation. To suggest that Liverpool have rejected an agreement to sign him is perhaps a little twisted, since the club had received no encouragement that a new bid would have been successful, new strikers needed to be signed at Newcastle before the green light to his move could have been signalled. But since that's not happening, you can't help but wonder if a £130m bid would at all be tempting at this stage, despite him not having been replaced. After all, since he's gone AWOL, the Magpies don't exactly have a striker at the club despite keeping him. His prerogative is to not play for them again. On the basis that we've been left waiting so long for a second bid, it would certainly be wishful thinking to consider a move like that being sanctioned by FSG, which in turn would be Liverpool rejecting an attempt at reaching an agreement, primarily because of how far-fetched it would be. Reason currently suggests that January might be the most opportune moment to consider Isak again, once he and Newcastle have had a chance to stew on their incredibly toxic circumstances. A further discounted move from the £150m pipe-dream might then be promising and Liverpool would have a lot more time to finalise all the details, with Newcastle more open to hearing their approach.
