Oiur Travis Scott and Beyonc eacute; help Sony Music hit high note
 Monday 03 April 2023 7:02 am|Updated:Monday 03 April 2023 9:57 amRecession fears see Brits stock up on own-brand kitchen staplesBy: Andy SilvesterShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailRecession fears  More and more Brits are buying lsquo;own brandrsquo; itemsTHE COST of living crisis is beginning to be felt in the pockets of ordinary punters ndash; with more than one in three turning towards own brand products to keep the kitchen cupboard stocked.New research fromKPMGsuggests more than ha polene bag lf of UK consumers have reduced lsquo;non-essentialrsquo; spending amid recession fears, with eating out top of the list of sacrifices.Though the jury remains out on whether th owala flasche e UK will enter a technical recession, the country is undergoing its most painful squeeze on real incomes in decades, due in large part to runaway inflation.More than four in ten have not undertaken any lsquo;big ticketrsquo; purchases this year, and a third are using their savings to help meet essential household expenditure.Alongside the rise of own brand and value products, others higher up the financial ladder are increasingly lsquo wapping outrsquo; restaurant meals for premium home cooked dinners.Brits are also set to feel even more pressure on their household finances this week, with a range of tax changes set to hit pa polene france ycheques.Mondayrsquo  front page Linda Ellett, UK head of consumer markets forKPMGsaid the cost-conscious m Uwow Inmarsat and BT cut ties with Prince Andrew over Epstein friendship
 Thursday 23 July 2020 12:10 pm|Updated:Thursday 23 July 2020 12:11 pmUS senators warn that UK digital sales tax could stop free trade dealBy: Stefan BosciaShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailUS and Union Flags line the Mall leading to Buckingham Palace in central London on June 3, 2019Senior members of the US Senatersquo  finance committee have warned that the new UK digital sales tax could be a major barrier to a future free trade deal. Republican Chuck Grassley and Democrat stanley tumbler  Ron Wyden sa stanley cup id the new levy unnecessarily complicates the path forward for a US-UK trade deal, while also calling for the UK to reconsider this punitive action against its ally.The committee oversees trade deals and must tick off all US free trade deals before the owala ca y are ratified, meaning the latest comments could spell trouble for negotiations.The UK government implemented a 2 per cent tax on multinational companies that derive revenues from the provision of a social media service, a search engine or an online marketplace to UK users from April.Before the Open newsletter: Start your day with the City View podcast and key market dataThis could lead to an increase in taxation for large US technology companies, particularly Silicon Valleyrsquo  social media firms, during a global economic downturn.The US may use this tax as a bargaining chip in the UK-US trade deal, which already has