M&S Christmas cheer hit by uncertain outlook for UK

Quick Summary:

Festive food sales jumped but the retailer is concerned about the British economy.

The lobby group said food price inflation in December was running at 1.8%, which was its lowest rate since November 2021.

However, the Treasury said food inflation had "fallen from a peak of 19.6% under the previous government to just 1.9%".

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Article Details

Category: Business

Markets: United Kingdom

Topics: National Inflation Christmas Price Budget Food Sales Higher Insurance Costs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 15:51:26 (2 weeks ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 961 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 25098745

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 7 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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