business stories. i m sally bundock. we start here in the uk, and what else but the coronation of his majesty king charles? as we ve been hearing, it s been an historic weekend, from the pomp and pageantry and a bit of rain on saturday to a day of street parties and a night of fantastic music to round off the celebrations. all driving some serious weekend spending, predicted by retailers to be worth something in the region of almost £1.8 billion. but as many continue to struggle with the current high cost of living, how long can the spending optimism last? katrina bishop is from consumer research company niq. let s talk this through. katrina, a warm welcome to you. morning. katrina, a warm welcome to you. morninu. ., . , , . morning. for many sectors in the uk that morning. for many sectors in the uk that have morning. for many sectors in the uk that have been - the uk that have been struggling, like hospitality, this was a huge boost, wasn t it? it this was a huge boost,
the us federal reserve ona charge! uk sales of electric cars overtook diesels last year for the first time. but it s still a long road to recovery for the auto industry. a wave of strike action, a growing cost of living crisis and huge pressure on health services just some of the problems mounting up for the uk this winter. so on wednesday prime minister rishi sunak used his first major speech of the year to promise to fix the uk economy. alongside pledges to tackle long waiting lists for medical treatment and stop illegal immigration mr sunak said he d slash the rate of inflation, restore growth and cut government debt. first, government debt. we will halve inflation this first, we will halve inflation this year to ease the cost of living and give people financial security. second, we will grow the economy, creating better paid jobs an opportunity right across the country. third, we will make sure our national debt is falling, so that we can secure the future of public ser
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disposable income is being squeezed so what they are spending one week will have to be taken away the next. but like i said, they are becoming more savvy, shopping around, shopping across retailers and managing their budgets to compensate. managing their budgets to compensate. managing their budgets to com ensate. ., ., my managing their budgets to comensate. ., ., , compensate. the month of may is a bum er compensate. the month of may is a bumper month compensate. the month of may is a bumper month for compensate. the month of may is a bumper month for the compensate. the month of may is a bumper month for the uk - a bumper month for the uk economy because we ve had the coronation but now it s your vision as well in liverpool. that city will be obviously full of people already in advance of this weekend s competition eurovision. that again is bringing a massive boost, isn t it? we again is bringing a massive boost, isn t it? again is bringing a massive boost, isn t it? we wo