Cost Of Living

Bank of England raises interest rates by 0.5% to 3.5%

The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of interest to 3.5%, the highest level in 14 years.  At a meeting held on 14 December 2022, the Bank’s MPC voted by a majority of 6-3 to increase rates by…

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Harringtons unveils new recipes and brand design

Pet food brand Harringtons has announced a new recipe for its dog food alongside a new brand design. The company’s dry food will now contain freshly prepared meat ingredients, salmon oil for healthier coats, skin, joints and cardiovascular health. Harringstons also added homemade chicken gravy on the inside and outside…

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Jollyes sees surging demand for wood pellet cat litter as fuel

Jollyes pet store has reported experiencing a surge in demand for a supply of wood pellet cat litter as customers are using it as an “affordable” fuel to heat their homes. Jollyes has replenished stocks and introduced a two for £18 deal on three brands after running low in the…

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Pets & Friends partners with Animal Friends Insurance

Pet care specialist retailer, Pets and Friends, has embarked on an exclusive partnership with Animal Friends Insurance. The new partnership will provide Animal Friends customers with exclusive offers for their pet’s birthday to spend online, alongside bespoke content and handpicked Pets and Friends product reviews to help with their pet’s…

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How the pandemic altered the global pet industry forever

As we see the cost of living rise rampantly, just about everyone across the globe is feeling the squeeze. I’d argue that pet owners in particular are in the midst of a perfect storm. The pandemic-fuelled pet ownership boom has created a generation (in dog years) of people who simply…

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Energy price cap to rise by 80% to £3,549 from October

Ofgem has confirmed that the energy price cap will increase by 80% to a record £3,549 a year for dual fuel for an average household from 1 October 2022.  The rise will affect those on standard variable tariffs, with the record annual bill only being based on typical usage. At…

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Purely Pets customers to get 24/7 access to digital vet care with Joii

Markerstudy Broking has expanded its relationship with Vet-AI via a new partnership with Purely Pets, meaning Purely Pets insurance holders are now able to benefit from access to Joii Pet Care’s video consultations, opening up its digital vet care to thousands more pet owners. The collaboration means the pet insurance…

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Dogs Trust sees ‘record’ number of calls amid cost-of-living crisis

Dogs Trust revealed it has received a record number of calls over recent months from people asking the charity to take in their dogs, with enquiries jumping to the highest level since its records began, with 4,370 inquiries received in July 2022. Dogs Trust said there has been a notable…

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Cost of living crisis starts to impact sales, BRC finds

On a total basis, sales decreased by 1.0% in June, against an increase of 10.4% in June 2021, according to the latest figures from BRC’s sales monitor. This is below the three-month average decline of 0.8% and the 12-month average growth of 3.0%. UK retail sales decreased 1.3% on a…

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Cost of living crisis weighs on retail sales growth

High levels of inflation and the deepening cost of living crisis have prompted further slowing of retail sales growth, according to BDO’s High Street Sales Tracker (HSST). It found that total like-for-like (LFL) sales, combined in-store and online, increased by +8.4% in June compared to the equivalent month in 2021,…

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