Wake Up to Money A Spark in the Chill
May 22, 2025
Sunil Krishnan, head of multi-asset at Aviva Investors, shares keen insights on rising inflation and its significant impacts on both businesses and consumers, using the struggles of a family-run bakery as a case study. Meanwhile, Lindsay Blakely, founder of Bumble and Goose, discusses the real-world challenges of maintaining profitability amid increasing costs. The conversation also dives into the recent government decisions on winter fuel payments for pensioners and the pressing issue of cybersecurity following a major retail cyberattack.
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Complex UK Inflation Spike
- UK inflation jumped to 3.5%, surprising analysts with its size.
- A large part was due to airfares inclusion and services inflation, signaling a complex inflation picture.
Easter Timing Affects Business
- Lindsay Blakely shared how late Easter and tariff uncertainty caused a slow start for her bakery's sales.
- Businesses were conservative with spending, affecting client and staff gifting budgets.
Nuances in Services Inflation
- Services inflation is nuanced with professional and consumer-facing services affected differently.
- Professional service costs rise steadily, while discretionary spending on consumer services may soften with economic slowdown.