Shares in Domino’s Pizza, KFC operator Collins Foods and multi-brand food franchise owner Retail Food Group have all suffered double-digit falls

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Once a symbol of cheap eating, fast food is transforming into a luxury many can no longer afford due to resurgent living costs.

This shift is reflected on the ASX, where major pizza, fried chicken and doughnut outlets are seeing significant price drops, raising the question: are consumers so downbeat that they are even giving up on fast food?

Consumer insight tracker shows 85% are worried about food prices and a majority think the economy will deteriorate

Three million UK households are being forced to skip meals as consumers resort to drastic measures to deal with rising costs, according to a Which? report published on Thursday.

The conflict in the Middle East and subsequent surge in oil and raw material prices has led to businesses preparing to raise prices, putting more pressure on household finances and hitting consumer confidence.

Speaker Sir Lindsay Hoyle earlier confirmed that MPs will decide whether to let inquiry into Keir Starmer’s statements over Peter Mandelson proceed

Downing Street has said that the UK is “in a good position” to handle the global supply problems caused by the Iran war not being resolved.

Speaking at the morning lobby briefing, the PM’s spokesperson said:

We remain focused on a long-term, permanent solution to the crisis. As a result of the forward-planning, the government undertook over the past few months, the UK is in a good position.

We’re ramping up planning for all different potential impacts on the UK economy and consumers, and that means focusing on a live monitoring of stock levels and what plans are in place for addressing supply chain disruption.

Even Boris Johnson didn’t block his MPs voting for scrutiny. Labour MPs must be given a free vote on any motion to refer Starmer to the privileges committee, not forced into being accomplices to a cover-up.

If Keir Starmer has misled the House and the public, he must be held to the same standard that we should expect of any prime minister.

Beyond cutting back on driving, households are slicing deeper into their budgets, with some even forgoing healthcare

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As soon as petrol prices started to rise in response to the Middle East conflict, many Australians – already grappling with high living costs – changed their spending habits.

Beyond cutting back on driving, households are slicing deeper into their budgets, with some even forgoing healthcare.

Soaring cost of building materials, lack of affordability and planning bottlenecks are some of the obstacles thwarting housing target

At South and City College in Birmingham, dozens of young people clad in hi-vis vests and hard hats are building mini-walls and plastering half-formed rooms.

Some weave in and out of stacks of bricks with wheelbarrows, while others use spirit levels to check the walls are straight and flat. In a few days time, these walls will be demolished and the plastering scraped away, for a new class to come in and try their hands.

Firm went bust in February amid fallout from the scandal over Mandelson’s links to Jeffrey Epstein

Little says in March she had a meeting when she asked to see the Foreign Office’s documentation about the decision to grant Mandelson vetting. She said she was asking because this was documentation covered by the humble address. She said was told that “that information would not be forthcoming”.

In the middle of March, I have a meeting with Sir Olly and a senior member of his team, and this is after the point that I’ve been told that this summary document exists.

I specifically ask to see this document and any decision-making audit trail around those judgments at the time. It was made clear to me that that information would not be forthcoming.

I took the very unusual judgment that I should directly request the information from UK Security Vetting.

And I did that because I go back to my responsibilities, to discharge the humble address, which is a responsibility that is unique to me and I take very seriously.

The trend has been accelerated by the US-Israel war on Iran, leaving households – and cafe owners – glum, surveys suggest

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For many coffee drinkers, takeaway orders are changing from a habitual purchase to an occasional treat, as elevated petrol prices and other living costs leave households feeling glum.

This rapid shift in behaviour has disappointed cafe owners and surprised economists, raising an uneasy question: if takeaway coffee sales are falling, is the economy next?

The prime minister was not aware that the former US ambassador had failed the vetting process, according to Downing Street

Swinney says this is a manifesto for the whole of Scotland.

He confirms that the SNP would argue for the Scottish power to have more control over energy policy (still largely reserved to Westminter). He says:

The problem is not that we do not have the energy. The problem is that Westminster has the power. This election is our opportunity to take those powers and put them into Scotland’s hands.