With interest rates minimal and income stagnating, British consumers are digging into their savings.
While consumers in Europe's powerhouse remain confident about the domestic labor market, they are less likely now to make large purchases. Low interest rates and higher energy prices are taking their toll.
The sale of halogen lightbulbs is being banned across the EU, as LEDs are touted as greener alternatives. Advocates insist the move will save consumers money in the long run and lead to lower carbon emissions.
Sales of electric cars in Europe have just crossed the 1 million mark, as more consumers are persuaded to opt for green mobility. Can the infrastructure to support the transition from fuel-powered vehicles keep up?
Britain's central bank has done what it avoided doing for the past 10 years. It's hiked interest rates to curb inflation caused by a steep drop in the pound's value. But the marginal rise is of a rather symbolic nature.
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