Interest over time google8/18/2023 Personal finance expert Andrew Hagger, who compiled the data, said: "Consumers will be frustrated that rate hikes haven't petered out by now, and worrying that their already battered finances will be squeezed further." In May, the Bank hiked the Base rate by 0.25 percentage points to 4.5% and if this pattern continues on 22 June, mortgage payers could feel the pinch.īut the increase would be felt more by some regions of England than others, according to comparison service TotallyMoney.īased on their calculations, here are the average additional monthly costs by area: Homeowners could be forced to fork out as much as £732 more a year if the Bank of England raises interest rates by 0.25 percentage points this month. Sainsbury's introduced security barriers throughout this year which force shoppers to scan receipts before being allowed to leave some stores.Ĭo-op and Marks & Spencer's have limited the number of high-value items on their shelves in some stores to deter shoplifters, with people tweeting pictures of less coffee on display at the former and steaks at the latter.Ī Nisa convenience store in London has used AI camera technology that flags customers putting items in their pockets or unusual browsing patterns, according to the Retail Gazette. ![]() In April, Sports Direct's parent company defended its use of facial recognition technology, which checks faces against a watch-list.įrasers Group rolled out biometric cameras across 27 of its stores the month before, according to the Mail Online. Other shops have taken even more radical approaches to an apparent rise in shoplifting during the cost of living crisis. ![]() They told Sky News this was not a company policy. Last week we reported how shoe shop Office told its stores to cease a practice of only allowing customers to try on one shoe at a time.
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