Share
Inflation rose for the first time this year, but signs of an easing of price pressures in key areas such as the sector gave economists hope for more interest rate cuts by the Bank of England.
The United Kingdom’s main measure of inflation, the Office for National Statistics’ (ONS) Consumer Price Index (CPI), rose to 2. 2% in July, up from 2% in June.
The latest figures show that rates are rising faster across the country than in recent months, but still at a slower pace than in 2022 and 2023, when families and businesses were under pressure at the height of the rate crisis.
A commission of energy experts has been set up to study the effect of the fuel crisis and make sure the UK is better prepared for the future.
The Energy Crisis Commission will bring together representatives from Energy UK, the Confederation of British Industry (CBI), Citizens Advice and National Energy Action.
It was presented on Wednesday with a call for evidence on Britain’s recent energy crisis.
Insurance giant Aviva has revealed a rise in sales and profits thanks to “excellent trades” over the past six months.
The London-listed company said it was supported by an increase in general insurance premiums in the United Kingdom, while sales in its pensions department fell.
It reported an operating profit of £875 million for the first part of 2024, up 14% from the same time a year earlier. This exceeded analysts’ expectations.
Angela Rayner hailed a “new era of partnership” after a historic assembly between the government and unions on Wednesday.
The meeting, hosted by Deputy Prime Minister and Secretary of State for Business Jonathan Reynolds, follows Labour’s transparent commitment to working with businesses and unions to revive economic growth.
Described as “the first of its kind”, at the assembly the participants promised to “wipe the slate clean and start a new relationship of respect and collaboration”, according to the Ministry of Business and Trade.
The United Kingdom’s largest inventory index was boosted by homebuilders after new insights into inflation in the country and elsewhere raised hopes of further interest rate cuts this year.
London’s FTSE 100 index rose 45. 82 points, or 0. 56%, to 8,281. 05 on Wednesday.
In Europe, France’s CAC 40 closed up 0. 79% at 7,333. 36 and Germany’s Dax rose 0. 41% at 17,885. 60.
Audi has pricing and specs for its A4 replacement: the A5.
Like the old A4, the new A5 will be available in sedan and estate (or Avant, in Audi parlance) versions, offering buyers other configurations depending on their needs.
Under the hood, buyers can choose between three gasoline engines and one diesel.
Fiat has added a second hybrid option to its 600th SUV, slashing the price of the EV version by £9,000, in a bid to boost sales and boost its appeal.
Originally sold as an electric vehicle, then receiving a 101 hp hybrid earlier this year, Fiat completed the package by providing the six hundred with an additional more rugged version.
The new powertrain is a 138PS hybrid unit with a 1. 2-litre three-cylinder petrol engine mated to a six-speed dual-clutch transmission.
The new auto market faces significant challenging situations in the fourth quarter, potentially surpassing difficulties seen in 2008 and 2020. Cox Automotive revised its 2024 sales forecast downward by 2. 07%, adding to market pressure. ZEV mandate. running the risk of distorting the market and having long-term effects on profitability, customer selection and residual values.
A vandal reportedly broke a window at Station Motors in Mold on July 9 following a public appeal. North Wales Police released a CCTV symbol of the suspect, showing a guy with a dark beard, a blue military hat and a camouflage coat. Local assistance helped identify the culprit.
Automotive charity Ben has appointed Rachel Clift as its new chief executive, effective Nov. 1, replacing Zara Ross, who is retiring after leading the charity since 2016. Clift, most recently Director of Health and Wellness, joined Ben in 2018 and has particularly broadened her impact. Ross will continue with Ben as director of the moving program.
The first Tom and Jerry-themed cars for this year’s Bangers4Ben rally have been revealed. Created through Automotive Compliance and Lawgistics, the MG TF, Ford Kuga and Honda CR-V feature furry exteriors to resemble the characters. These cars will be on display at the British Motor Show ahead of October’s charity rally.
Family-owned Ford dealer organisation, Your Ford Centre, will open its fifth centre in Dundee, supported by a £3 million loan from the Royal Bank of Scotland. The new 10-acre dealership, managed by the Short family, will offer the entire Ford range, add electric vehicles and create 20 new jobs.
EV drivers will face consistent pricing starting next year due to the removal of existing incentives, and many are unaware of those changes. From April 2025, owners of electric cars over £40,000 will pay an additional £410 per year, and new electric cars will be subject to popular vehicle excise duties. A survey conducted by Close Brothers Motor Finance found that 42% of EV drivers are unaware of upcoming prices, which could be the demand for EVs.
Jack joined the car dealership team in 2021 as an editor. In the past, he worked as a journalist for a national newspaper of the BNPS news agency. He has provided news and reports on the engine for a number of national publications, including The Sun, The Times and The Daily Mirror.
The last. . .
Check. . .
Account Links. . .
Car dealer magazine