National Business in Brief: Half of consumers cut spending | Oil Prices surge as production cut | Café Rouge owners eyes NW-based Princes Foods

By Rich Wilcock

3rd Apr 2023 | Business Roundup

Consumers have cut non-essential spending in half since the start of the year (Image - Ryan Parker)
Consumers have cut non-essential spending in half since the start of the year (Image - Ryan Parker)

Monday's business stories making the national headlines

Consumer spending is lower with non-essential spending hit hardest

More than half of UK consumers have cut their non-essential spending since the start of the new year as price hikes and higher bills start to bite for households.

Via Guardian

Café Rouge owner enters race for Liverpool-based Princes Foods

North West-based Princes Foods is the target for Cafe Rouge owner Epiris in a possible £500 million deal.

Full story via Sky

Oil prices are on the rise after a surprise decision

Oil prices across the world have surged to nearly $84 a barrel after major exporters announced surprise cuts in production

Via BBC

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