Section: Money:News Money

A COCKTAIL chain has fallen into administration, with four sites shutting their doors for good.

Simmons has appointed advisory firm Kroll to oversee the administration, company filings show.

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In its most recent audited account the company posted a loss of £749,000 for the year to end March 2024, reversing a profit of just under £2million the previous year.

Last week Simmons revealed plans to close at least four sites to focus on its best performing venues.

The chain has venues across London and one in Manchester and offers cocktails, brunches and karaoke at its 21 locations.

Last week Nick Campbell, who founded the company in 2021, said the move would “streamline its portfolio and strengthen its financial position”.

He said: “As part of the process, we’ve taken the tough decision to exit four leases, allowing management to focus resources on our strongest performing venues.

“Alongside this, we’ve secured additional investment to support future expansion and operational improvements across the estate.”

Tough times for UK pubs

Many of Britain’s pub and bar chains are feeling the impact of the pandemic and cost of living crisis.

The hike in costs of every day goods has meant that punters have less money to part with at the till.

Meanwhile, hikes to employers’ National Insurance Contributions that were introduced in April have piled further pressure onto businesses that are already struggling.

Last month The Coconut Tree  announced that it would be wound down after defaulting on its Company Voluntary Agreement (CVA).

The Sri Lankan restaurant group entered into the agreement last July, according to a report in Restaurant Online.

As a result, the group was required to initially repay £27,000 a month for the first three months.

Meanwhile, Oakman Inns & Restaurants fell into administration, with six sites shutting their doors for good.

It will see a total of 19 sites either sold or closed for good.

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DUNELM has slashed to half price off an “absolutely brilliant” suitcase that is perfect for flights this summer.

It comes in a range of sized that can be put under the seat, in the overhead locker, or as checked-in luggage.

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The Elements Two-Tone Hard Shell Suitcase be bought for £17.50 to £25, depending on the size, which is down from £35 to £50 at Dunelm.

They come in two colourways, an Olive green, or Fuschia, making the suitcase easy to spot on the conveyor belt.

There are three size options, from the smallest “cabin” size, to medium and large.

The suitcase includes four spinner wheels, that can be used with a push button trolley system.

It comes in a strong hard shell, with sturdy handles and zip insert that has an elastic clip closure to hold your belongings in place.

The product dimensions are H 55cm x W 40cm x D 20cm, at 2.5kg for the cabin case.

This means it can be taken on as a free, small carry-on bag that fits under the seat on EasyJet and BA flights, or in the overhead locker on Ryanair and Jet2 flights.

The medium case measures H 67cm x W 44.5cm x D 25cm, at 3.1kg.

And the large case is H 76cm x W 50cm x D 28.5cm, weighing 3.8kg.

The dimensions are particularly important to note, after a leaked email showed staff across major airports in the UK would receive payments for every bag confiscated from easyJet passengers ahead of boarding.

Ryanair boss Michael O’Leary has also considered bigger bonuses for staff who identify passengers with oversized bags.

The suitcase from Dunelm received an overall rating of 4.3 stars from customers.

One reviewer described it has an “absolutely brilliant case and so light to carry.

Another raved: “Loved my suitcase with the bright colours couldn’t miss it on the belt!

“It’s easy to push along and the inside is great too, I had a lot of looks and people saying what lovely colours.”

It comes as Dunelm also knocked 50 per cent off one of its fancy garden decor ornaments.

The Artificial Boxwood Ball Tree has now been slashed to £24.50 from its original price of £49.

The retailer has also been providing great bargains on furniture, scanning for up to 90 per cent off.

One bar stool was priced down to £10.32 from £103.20.

A WARNING has been issued to savers missing out on hundreds of pounds ahead of a key Bank of England (BoE) decision this week.

People risk the cash blow because they’re leaving money in low-paying easy access accounts.

The latest data from Moneyfactscompare.co.uk reveals someone with £10,000 in savings could earn an extra £300 by switching to an account with a higher interest rate.

Adam French, from the comparison site, said savers were in danger of their hard-earned cash “languishing” by making the mistake.

“Simply switching a £10,000 savings pot away from a high street bank’s easy access account to a market-leading one-year fix can leave you £300 better off in 12 months’ time.

“Not a bad return for a few minutes’ work, if you aren’t going to need access to the money sooner.”

The warning comes ahead of the BoE’s Monetary Policy Committee (MPC) meeting on Thursday (August 7) where it will decide what to do with the base rate.

The base rate is charged to high street banks and other lenders and usually reflected in savings and mortgage rates.

Any fall is good news for mortgage holders who tend to see rates plummet, but it spells bad news for those with savings accounts.

The bank is widely expected to cut the base rate, which currently sits at 4.25%.

The MPC, made up of nine members, last met in June when it decided to keep interest rates unchanged.

Six members voted to keep rates at the existing level while three members voted for a cut to 4%.

The BoE uses the base rate to control inflation, with a hike designed to discourage spending and keep prices in check.

The current Consumer Price Index (CPI) measure of inflation is 3.6%, over the BoE’s 2% target.

However, the MPC is under pressure to lower interest rates to get the stagnating economy growing.

How to make your savings work harder

You can’t do anything to control what the BoE does with the base rate, but you can make your savings work harder.

One way to do this is by locking your savings into a fixed-term account.

These accounts pay out an interest rate for a set period of time, from anywhere between six months and five years.

Fixed-rate savings accounts generally offer better interest rates in exchange for you not being to withdraw any cash.

Just bear in mind you may have to pay a charge for any early withdrawals.

Second, it’s worth making the most of ISAs which allow you to save money without having to pay tax on any interest earned.

You can spread a total of £20,000 across various ISA types including Cash ISAs and Stocks and Shares ISAs.

And of course, shop around for the best deals so you’re not left with a low-paying savings account.

Comparison sites like moneyfactscompare.co.uk and moneysavingexpert.com can help you find the best account suited to you.

THOUSANDS on Universal Credit and 11 other benefits can expect early payments this month.

Benefits are paid into your bank or building society account earlier if your usual payment date falls on a bank holiday or the weekend.

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The next bank holiday is on Monday, August 25, meaning if you’re expecting a payment on this date it will be made on August 22.

So, if you check your statement on August 22 and notice a surprise amount of money, it will likely be your benefit being issued earlier.

If you are paid earlier than usual this month, make sure the money stretches further as you will have to wait longer than normal to get your next payment.

Universal Credit and 11 other benefits are paid on the first working day before a bank holiday. The full list is:

Anyone paid one of the above 12 benefits on August 22 instead of August 23, 24 or 25, should receive the same amount as usual.

The only reason the payment amount might change is if you have had a change in your circumstances.

For example, if you are on Universal Credit and your earnings have increased, your payment might go down.

If you are expecting a payment on August 22 and don’t receive it, contact the DWP.

You can also submit a complaint to the Government department to get a problem sorted if your payment is wrong.

After August, there are two more bank holidays before the end of the year which could impact when you receive your benefits.

Here’s when DWP or HMRC will make your payments:

• December 25 – payments will be made on December 24 instead
• December 26 – payments will be made on December 24 instead

Upcoming changes to Universal Credit and PIP

Last month, the Government U-turned on its welfare bill meaning Brits on Universal Credit and PIP will see fewer changes.

Sir Keir Starmer had been hoping to push through reforms that would have seen some benefit claimants receiving less money.

The Government had planned to make major changes to the health element of Universal Credit.

A single person who is aged 25 or over can receive the basic level of the benefit, which comes in at £400.14 every month.

But those getting an incapacity top-up due to a disability or long-term condition can get an extra £423.37.

The new plans mean that anyone up to the age of 22 will not be able to claim the health element.

Ministers had also tried to freeze the payment for the next four years but a commitment was made for it to go up with inflation.

That means people claiming the health element of Universal Credit and new claimants with the most severe conditions will see their incomes protected in real terms.

Meanwhile, PIP claimants would have faced stricter tests to qualify for support. 

The Government had put forward that people would need to score four points in one task such as washing and dressing to qualify for support. 

Currently they can qualify with eight points across multiple activities.

The Government initially partially u-turned, saying the changes would come into effect in November 2026, but anyone claiming the benefit before this date would not be impacted.

However, following a rebellion from 47 MPs, the Government shelved the PIP plans entirely. You can find out more in our guide.

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A MAJOR high street bank has become the latest British lender to quit the Net Zero Banking Alliance, the bank said on Friday.

Barclays argued that the departure of several global lenders has left it no longer fit to support the bank’s green transition.

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Barclays’ decision to quit the foremost banking alliance focused on tackling climate change follows on from HSBC and several major US banks.

It also raises questions about the ability of the group to influence change in the sector going forward.

The bank said in a statement on its website: “After consideration, we have decided to withdraw from the Net Zero Banking Alliance.”

It added that its commitment to be net zero by 2050 remained unchanged and that it still saw a commercial opportunity for itself and its clients in the energy transition.

Earlier this week Barclays published the first update on its sustainability strategy in several years.

It said the bank made £500 million in revenue from sustainable and low-carbon transition finance in 2024.

Jeanne Martin, co-director of corporate engagement at responsible investment NGO ShareAction called the decision to leave the Net Zero Banking Alliance “incredibly disappointing and a step in the wrong direction at a time when the dangers of climate change are rapidly mounting.”

Barclays said the alliance was no longer fit for its purpose: “With the departure of most of the global banks, the organisation no longer has the membership to support our transition.”

The Net Zero Banking Alliance, a global initiative launched by the United Nations Environment Programme Finance Initiative, lists more than 100 members on its website – including leading international financial institutions.

A spokesperson for the alliance said it remains focused on “supporting its members to lead on climate by addressing the barriers preventing their clients from investing in the net-zero transition.”

It comes after it was announced that Barclays is slashing interest rates on its popular Rainy Day for the third time in less than seven months.

From August 4, the interest rate for balances up to £5,000 will fall from 4.61% to 4.36%.

The Rainy Day Saver account, which offers easy access to funds, has been a favourite among Barclays‘ 20 million customers.

It is designed for balances up to £5,000, with savers earning the higher rate on the first £5,000 – currently 4.61%.

Savings above this threshold earn just 1% interest, but customers benefit from instant access to their money at any time.

At the current rate, holding £5,000 in the account would earn you £230.50 in interest over 12 months.

However, when the rate drops to 4.36%, this will fall to £218 – a loss of £12.50 per year.

Once boasting a competitive 5.12% interest rate earlier this year, Barclays has steadily chipped away at its appeal.

In February, the rate dropped to 4.87%, followed by another cut in April to 4.61%.

In February, the bank reduced the rate to 4.87%, followed by another cut in April to 4.61%.

Now, just months later, rates are set to drop again, leaving savers questioning whether to stick with the account or explore better options elsewhere.

How Barclay Card Changes Could Affect You

ANALYSIS by Consumer Reporter, James Flanders:

Barclaycard’s change to its credit card repayment structure sounds great if you don’t dig into the details.

After all, Barclaycard says it’s “making the changes to give you greater flexibility each month”.

In practice, it means that if you can’t afford to pay off your balance in full at the end of each statement period, you can repay much less under the minimum repayment option than you have done previously.

If you only pay the minimum amounts on occasion, this is super useful.

But if you rely on this type of repayment plan in the long term, it could will cost you hundreds of pounds extra in interest.

It could also negatively affect your credit file as it’ll take you much longer to clear your debt.

More interest will be applied to your outstanding balance, too, as less is paid down each month.

For example, if you have a balance of £5,000 on a Barclaycard at 24% interest, where you only make the minimum payments and don’t spend on the card.

Under the old “2.5% of the balance plus the interest charged” rule, it would take around 14 years to clear the balance.

In total, you’d expect to pay about £3,500 in interest.

But with the new “1% of the balance plus the interest charged” calculation, it will take over 30 years to clear the same balance.

You’d then end up paying a whopping £8,500 in interest.

Before taking out a new credit card or increasing the amount you borrow, it’s vital to consider the consequences.

You should only borrow money if you can afford to pay it back.

It’s always vital to ask yourself if you actually need to borrow before committing to a new credit card, personal loan or overdraft.

If you use a credit card, I’d recommend that you always pay off your balance in full at the end of each statement period.

Lenders have a responsibility to help customers who are in debt.

If you’re in a debt crisis, your first point of call should be your lender.

They might help you out by offering you a reduced interest rate or a temporary payment holiday – so check in with your lender if you’re struggling.

HOMEWARE giant Wayfair has slashed its UK workforce by more than half in just two years, as it grapples with tumbling sales and a sharp drop in profit.

The US-based furniture retailer, which operates across Britain, cut staff numbers from 847 in 2022 to just 405 by the end of 2024, according to fresh filings with Companies House.

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The dramatic reduction follows a tough period for the business, with UK turnover plunging from £83.4million in 2022 to just £59.4million last year.

Profits also took a hit, with pre-tax earnings slipping from £2.6million to £2.2million over the same period.

Wayfair said it had made a 17 per cent cut to administrative expenses and was now focused on “driving cost efficiency” and “nailing the basics” as it tried to steady the ship.

Despite the ongoing slowdown, bosses remain upbeat about the retailer’s long-term prospects and said the group is working towards maintaining profitability and generating positive free cash flow.

The wider company reported a net revenue of $11.9billion (£8.8billion) globally last year – down $152million (£112million) on the year before.

International sales fell to $1.5billion (£1.1billion), while revenue in its core US market dropped to $10.4billion (£7.7billion).

Wayfair recorded a net loss of $492million (£363million) despite raking in $3.6billion (£2.7billion) in gross profits.

There was some relief in early 2025, as first-quarter results showed a $1billion (£740million) rise in total revenue, thanks to a modest recovery in US sales.

However, international takings continued to fall, dipping by $37million (£27million) to $301million (£223million).

Wayfair isn’t the only retailer feeling the pinch on the high street. Furniture favourite MADE.com collapsed into administration in 2022 after failing to find a buyer, leading to hundreds of job losses.

Habitat also shut down all standalone stores in 2021, moving exclusively online after years of underperformance.

Even major players have been forced to adapt.

Wilko closed its doors for good in 2023 after nearly a century in business, with more than 400 stores shutting and 12,000 staff affected.

Argos has continued to reduce its physical footprint, shutting dozens of standalone shops and moving into parent company Sainsbury’s stores to save costs.

Retail experts say changing consumer habits, rising costs and weaker demand are continuing to batter the home and furniture sector.

Many shoppers have tightened their belts amid soaring bills and higher interest rates, with big-ticket items like sofas and beds often the first to be cut from household budgets.

Wayfair bosses said the company remains “resilient” in the face of economic uncertainty and is pressing ahead with its long-term strategy to streamline operations and stay competitive.

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AFTER nearly three decades of trading, a popular House of Fraser store is set to close.

The department store in Victoria Centre, Nottingham, which first opened in 1997, will roll down the shutters in October this year.

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It’s bittersweet news for shoppers, who have been treated to a 20 percent off sale inside the store.

The once-thriving shopping hub was nearly shut in 2022 after Fraser Group chief exec Michael Murray described the brand as a “broken business”.

At the time, he said: “House of Fraser was a broken business when we bought it.

“We’ve completely changed the operating model. It was mostly concession, the stores were way too big, they were under‑invested.

“Our future vision is that House of Fraser will diminish and Frasers will grow.”

Once boasting more than 60 stores across the UK, the department store has steadily shuttered locations since its 2018 acquisition by Mike Ashley’s Frasers Group.

Between 2022 and 2025 alone, over a dozen sites—including flagship locations like Oxford Street and regional mainstays in Cardiff, Cheltenham, and Nottingham—have closed their doors.

The closures reflect a deeper failure to adapt to a rapidly evolving retail landscape.

Many of its stores were oversized and heavily reliant on concessions—third-party brands renting space—which offered little control over stock or customer experience.

Frasers Group is now repositioning itself around a new retail vision, investing in smaller-format “Frasers” stores and upmarket lifestyle hubs, with sport and luxury offerings as its focus.

The Sun has approached House of Fraser representatives for comment.

House of Fraser is just one brand struggling against recent economic pressures and changes in consumer habits.

A combination of rising inflation, energy costs, and interest rates has squeezed both household spending and business margins, creating a perfect storm for retail operators.

For many consumers, essentials have taken priority over discretionary purchases, leading to a noticeable decline in footfall and in-store spending.

Even major players with established reputations have found themselves forced to close stores, reduce staff, or pivot entirely toward e-commerce.

This comes as Poundland bosses implemented a series of closures this year after the business was hit by spiraling operating costs and weakening footfall.

In Cornwall, one Poundland was evicted from one of its locations – leaving staff locked out of work overnight.

The budget chain was kicked out of its store on Fore Street in St Austell, CornwallLive reported.

A bizarre notice was also posted in the window of the popular store.

It read: “We as authorised agents acting on behalf of the above-named landlord have today re-entered these premises and any lease or licence is hereby determined.

“Any attempt to enter these premises without the written authority of the above-named landlord will result in criminal/civil proceedings being taken.”

A Poundland spokesperson confirmed that the locks were changed overnight without notice.

NOW is a perfect time to check whether you’re the owner of a 50p coin that could be worth 240 times its value.

The rare coin sold for £120 after an intense bidding war on eBay.

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Fifty pence pieces can often be worth much more than their face value.

This particular valuable rarity is a 2009 Kew Gardens 50p.

Earlier this week one of these coins sold for £120 on eBay after a bidding war, with 13 offers placed.

Other postings for the same coin are currently listed at £177.52, and £161.92.

The coin was designed by Christopher Le Brun in celebration of the 250th anniversary of the Botanical Gardens’ foundation.

It had a very low mintage of just 210,000 copies, which means that it has since rocketed in value as it is the rarest of all 50p pieces.

One side of the coin features Kew’s iconic Great Pagoda.

Its base is encircled with a vine while the word ‘Kew’ decorates the bottom.

The dates 1759 and 2009 are inscribed, honouring the coin’s 250th anniversary celebration.

On the reverse, the fourth portrait of Her Majesty the Queen Elizabeth II adorns the coin.

Alongside the portrait the initials identify the engraver as Ian Rank-Broadley.

To spot the coin among your collection, look out for the leafy design.

Another limited edition 50p recently sold for £262.

Dated to 2009, the design was the first of 29 officially licenced London 2012 Olympic coins to be released by The Royal Mint.

The coin is the same size and weight as a 50p coin found in your change and measures 8g by 27g in diameter.

The starting price was just £5 but six bidders fought it out, with one eventually submitting the winning bid on June 30.

The coin’s design was created by eight-year-old Florence Jackson from Bristol.

How to sell a rare coin

If you are lucky to find a rare coin among your spare change or have one at home, you can sell it through online marketplaces such as eBay.

Simply take pictures of the coin, any certificates of authenticity you have and any packaging.

You can also sell coins via auction, through the Royal Mint’s Collector’s Service.

If you choose this option a team of experts will authenticate and value your coin.

You will also receive advice on how to sell it.

ONE shopper has said they’re glad they didn’t get to a Morrisons sale any sooner after the retailer slashed the price of garden furniture.

The customer timed their visit to coincide with a 25 per cent price cut on a garden furniture set for members signed up to its rewards scheme.

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The Nutmeg Outdoor Sofa Set from Morrisons is now selling for £18 less than usual.

That is, if you’re signed up to Morrisons More Card scheme.

The More Card scheme offers money off specific items at Morrisons, using the More App which shows offers.

Members can also find printed coupons at the check out to use on price savings.

And right now, the scheme can be used to grab a cracking outdoor sofa set for just £72.

It’s just in time for summer, as you can make full use of it straight away to your vitamin D fix in.

The set consists of two single chairs, and a double sofa – perfect for hosting a get together with friends or family in the garden.

One happy shopper on Facebook celebrated not buying the set any earlier, so she could make full use of the deal.

She said: “Glad now I didn’t manage to get to Morrisons sooner.

“I got an extra 25% off with More Card, so I paid £54 – bargain!”

Another happy punter who appears to have got there a bit sooner, added: “We got this a couple of years ago still going strong.”

This comes as Morrisons has launched a huge summer clearance sale on a range of garden products.

An eager shopper who spotted the offer at her local Morrisons shared the deal on the Extreme Couponing and Bargains UK Facebook page.

Other customers quickly expressed their excitement as they ran to make the most of the affordable prices.

Some of the items on offer had even had their price slashed by 50 per cent.

It included the Nutmeg Outdoor three-piece bistro set for £50, reduced from £100.

The product comes with a table and two chairs featuring comfortable cushions, helping you get your garden summer-ready on a budget.

If you’re needing a more heavy-duty umbrella set up, they’ve also got a parasol base weight for just £35.

Those looking to splash a bit more cash might be interested in Morrisons’ hanging egg chair.

For £95 – reduced from £140 – it’s a great centrepiece for your garden.

Now that your garden is well-equipped to host, it’s time to stock up on barbecue supplies.

For just £8 Morrisons are selling a convenient portable barbecue.

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BLACK Sabbath fans were left stunned by sky-high prices at Villa Park – with a pint setting punters back up to £8 during the legendary band’s final hometown gig.

The Back to the Beginning supershow, held at Aston Villa’s stadium in Birmingham, marks Ozzy Osbourne’s last ever live performance – and the first time the full band have played together in two decades.

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But for many fans, the bar and food prices were almost as jaw-dropping as the music.

Inside the venue, a pint of Poretti lager was going for £8, with a half pint at £4.

A pint of Somersby cider wasn’t far behind at £7, or £3.50 for a half.

Cocktail fans after something stronger had to fork out £13 for a draught Rum Punch – while even a bottle of water cost £3.50.

In the Doug Ellis stand, the prices were just as steep – with a Carlsberg Pilsner priced at £6.50, a glass of wine for £7, and both a gin and tonic and a vodka lemonade costing £7.50 each.

And it wasn’t just the drinks that had fans digging deep.

Food options were limited and pricey too – with a sausage roll setting you back £5, a steaky pasty £6.50, and Yardbirds chicken and chips costing a whopping £15.

Even the basics weren’t cheap – a can of Coke was £3.50, a bar of chocolate £2.50, and a bag of Walkers crisps £2.20.

Fancy a hot drink? That’s £3.95 for a tea and £4.50 for an espresso.

Fans weren’t impressed.

Some took to social media to vent their frustration, saying the prices were “festival-level rip-offs” and that it “left a bad taste before the music even started”.

One gig-goer told us: “I knew it’d be expensive but £8 for a pint and £7 for chips? That’s taking the Mick.”

Another said: “You expect a bit of markup, but this is madness.

Ozzy’s not the only one going out with a bang – so is my bank account.”

The backlash over food and drink prices follows recent criticism surrounding the cost of VIP meet-and-greet packages with Ozzy Osbourne, set to take place during his upcoming appearance at Comic Con Midlands.

Fans are being charged £666 for the ‘Ultimate Sin’ VIP package – which includes a group photo with Ozzy, Sharon, Kelly, and Jack. But only two people are allowed per photo (except under-5s).

Want an autograph? That’ll cost extra.

Ozzy will sign a book for £225, or a poster, album or toy for £375. And if you want him to sign your guitar or mic?

That’ll be £750 – bringing the total package cost to £1,416.

Fan backlash has been fierce. One wrote: “Laughable prices, genuinely laughable.”

Another joked: “Time to start selling me kidney.”

While fans might be fuming over costs, the buzz inside Villa Park is electric.

This is a historic night – the last time Birmingham’s own heavy metal gods will share the stage in their hometown.

Ozzy, who’s battled serious health issues in recent years, admitted he won’t be performing a full set.

He said: “We’re only playing a couple of songs each.

“I don’t want people thinking ‘we’re getting ripped off’, because it’s just going to be … what’s the word? … a sample.”

He added: “I’ll be there, and I’ll do the best I can. So all I can do is turn up.”

The Back to the Beginning festival line-up is packed with legends, including Metallica, Slayer and Pantera – all joining in to celebrate Black Sabbath’s final bow.

Fans from across the UK – and some flying in from overseas – have packed out the stadium to say one last goodbye to the band that helped invent heavy metal.

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SPOTTING these exact details on rare coins could make them worth up to 416 times their face value.

A coin is usually regarded as rare if a limited amount of the piece was put into circulation, meaning fewer people will have one lying around at home.

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Sometimes, the coin will have an unusual marking, and other times it can feature a familiar character or cartoon on it.

These features can drive up demand from collectors.

But do bear in mind that coins are only worth what someone else is willing to pay for it.

The Sun recently found four rare coins that sold for a combined total of £423.59 this June.

Atlantic Salmon 50p – £70.59

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This coin features a portrait of King Charles III on the front, while the back of the coin depicts an Atlantic salmon leaping from the waves.

Research by Change Checker found only 200,000 of these coins have entered circulation, making it one of the rarest coins in the UK.

The group said only around one in 335 people in the UK could have the chance of snagging one.

And it appears collectors are prepared to pay a pretty penny for one of these coins.

On Saturday, June 21 a seller managed to flog an Atlantic Salmon coin for £70.59. That makes it 141 times its face value.

That was after a fierce bidding war with 18 wannabe buyers.

Kew Gardens 50p – £127.08

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The front of this rare coin has an image of the late Queen Elizabeth II, with the engraver’s initials, Ian Rank-Broadley, below.

But what makes it special is the reverse, which features a leafy vine wrapped around a Chinese pagoda.

It also has the date of the year it was made to commemorate the anniversary.

There are around 210,000 of these coins in circulation making it another rare find.

Recently one of these coins sold for £127.08 on June 22 after 16 people tried to bid for it.

That makes it a whopping 254 times its face value.

But in the past, Kew Gardens coins have sold for up to £700.

Olympic Football 50p – £17.59

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This coin, also known as the Offside Rule 50p, is one of twenty-nine commemorative 2012 Olympic 50ps issued by The Royal Mint.

The design was created by Neil Wolfson, a sports journalist and features a diagram to show how the Offside Rule works.

Around 1.2million of the Olympic Football 50p’s were put into circulation, so you might have a better chance of finding one lying around your house.

On June 22, one of these coins sold for £17.59 after eight bids.

On this occasion, the coin has sold for over 35 times its face value.

But in the past, it has sold for £24 so there is a chance you get more depending on collectors’ interest at the time.

Blue Peter 50p – £208

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This Blue Peter 50p coin was released in 2009 ahead of the London Olympic games in 2012.

It features a cartoon of a high jumper on the back, with the design etched by a nine-year-old girl.

Over 2.2million of the Blue Peter 50p coins were issued, with most minted in 2011.

In the past, this coin has sold for up to £223.

On Sunday June 22 The Sun spotted one of these coins sold for £208 after an eight-person bidding war.

On this occasion, the Blue Peter coin has sold for 416 times its face value.

CADBURY has unveiled a brand new range of limited-edition Dairy Milk chocolate bars that change colour when chilled – and they’re ideal for summer snacking.

The new Cadbury Dairy Milk Summer Edition bars and the Iced Latte flavour are hitting shelves across the UK from June 2025, wrapped in cold-activated packaging that transforms in the fridge.

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Based in Birmingham, the chocolate giant confirmed that the special packs use thermochromic technology to reveal vibrant designs – including deck chairs, umbrellas, kites, and inflatables – when cooled. It’s the first time Cadbury has launched a product like this.

“This summer, Cadbury Dairy Milk is reigniting the debate around storing chocolate in the fridge,” said Mara Popa, junior brand manager at Cadbury Dairy Milk.

“Our new Cadbury Dairy Milk Summer Editions range features cold-activated packs, reminding consumers that chocolate is a great snacking option in the warmer weather.

“Additionally, our limited-edition Cadbury Dairy Milk Iced Latte tablet is designed to excite consumers with a brand new flavour crafted for summer.

This NPD also features colour changing packaging, highlighting the chilled chocolate trend in a playful way and tapping into the debate.”

The cold-reactive wrappers aren’t just eye-catching – they’re a clever nod to how Brits really eat chocolate.

According to Cadbury’s research, more than half the nation stores their bars in the fridge, especially during the warmer months.

Despite this trend, the brand has advised fans to think twice before chilling their choc. In a post on X (formerly Twitter), a spokesperson warned that the fridge might not always be the best place.

“Chocolate should always be stored in a slightly cool, dry, dark place such as a cupboard or pantry at temperatures less than 21°C to ensure the quality isn’t compromised,” they explained.

Still, curiosity is high.

A whopping 67 per cent of Brits said they’re open to trying chilled chocolate, and Cadbury is leaning into that interest with a playful summer twist.

All five bars in the Edition range will be available in major retailers nationwide and have a recommended price of £2.

However, prices may vary depending on the store.

Chocoholics can expect a limited run, so fans might want to snap them up quickly once they appear in shops.

The packaging not only changes colour, but also ties in with the look and feel of a traditional British summer – perfect for picnics, beach days, or just a cool treat at home.

The launch of the iced latte-flavoured Dairy Milk also adds to Cadbury’s growing line-up of coffee-infused treats.

The bar combines smooth milk chocolate with a creamy coffee centre and crunchy biscuit bits, designed to satisfy both choc and coffee lovers.

Cadbury has already seen success with coffee-flavoured chocolate.

The Twirl Iced Latte has popped up in B&M stores in recent weeks, earning rave reviews from fans.

Meanwhile, a collab with coffee brand Kenco gave us the chocolate-flavoured mocha – another hit among sweet-toothed sippers.

And it’s not stopping there.

From 2 June, the brand will also roll out a limited-edition Twirl White Dipped bar, combining its famous flaky layers with a coating of smooth white chocolate.

A post on Facebook teased the launch, calling it “unreal, indulgent, smooth, swirly, creamy, melty, new, and mouthwatering.”

Earlier this month, fans also spotted a new Cadbury Dairy Milk Balls pack in shops, drawing comparisons to the nostalgic Cadbury Tasters – small, round chocolate treats first launched in 1996.

With so many launches lined up and a summer full of colourful, cold-friendly packaging, Cadbury is clearly out to make this season a choc-filled celebration.

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BRITISH pubs could rake in a massive £32 million if Trooping the Colour was designated a bank holiday, beer bosses believe.

The British Beer and Pub Association say an extra 6.5 million pints would be pulled, pouring £5.5 million into the Treasury in VAT and £3 million in beer duty.

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Booze bosses called for the King’s birthday to be marked every year with a three-day weekend.

Emma McClarkin, Chief Executive of the BBPA, said: “This weekend was a celebration of British tradition, nation and community.

“Our pubs are central to that story—bringing people together and boosting the economy.

“A bank holiday would not only honour our heritage but deliver a tangible economic and social dividend as communities come together and raise a glass to Beer Day Britain as well as celebrate everything that is great about Britain.”

She added that ministers should support pubs with a long-term plan that includes a cut to beer duty and fairer business rates.

CHOCOLATE fans are dashing to Aldi as the budget supermarket unveils a £3.99 version of the viral ‘Dubai-style’ chocolate bar.

Now available in Aldi stores across the UK, the 100g bar promises a rich and indulgent experience—without the luxury price tag.

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The treat features creamy pistachio layers and crunchy kadayif pastry, all wrapped in silky milk chocolate. Inspired by a viral hit that exploded on social media, the chocolate has already caused a stir online.

AldiUK teased the launch on Facebook, writing: “THIS IS NOT A DRILL. The Dubai Style Chocolate Bar lands in store tomorrow! Will you be picking one up.”

Fans flooded the comments with excitement. One wrote: “More temptation.”

Another added: “You knocked it out of the park with this. Absolutely amazing.”

A third asked: “Hey dear Aldi, are these a special or permanent fixture? Xx”

The chocolate is part of Aldi’s Specialbuys range, meaning once it’s sold out, it may not return.

With no buying limit, shoppers are expected to stock up quickly.

This isn’t the first time retailers have tried to cash in on the Dubai chocolate craze.

Lidl’s JD Gross version flew off the shelves, and Waitrose offers a similar pistachio white chocolate bar for £2.75. Morrisons stocks its own version—Bolci Dubai Chocolate—for £5.

The trend shows no signs of slowing down, as chocolate lovers continue to seek out these premium-style treats at lower prices.

If you’re keen to try one, it’s worth getting to your local Aldi early to avoid disappointment.

As word spreads, demand is expected to spike.

To get the best deal, savvy shoppers are encouraged to compare prices using online tools like PriceSpy, Google Shopping, or Idealo.

These platforms let you check price histories and spot deals across retailers.

SAVE MONEY AT ALDI

Grabbing hot Specialbuys like this chocolate bar is just one way to save at Aldi.

The discount chain frequently tops Which? rankings for the cheapest supermarket, offering consistent value for everyday essentials.

In April, a typical basket of 79 items cost an average of £135.95 at Aldi—cheaper than rivals including Lidl and Tesco.

Bargain hunters should also keep an eye out for Aldi’s red sticker items, usually marked down in the morning.

These offer major discounts on products close to their sell-by date or with minor packaging damage.

Aldi’s budget-friendly alcohol selection is another way to save, with own-brand options often coming in much cheaper than big-name labels.

Don’t forget about Too Good To Go “Surprise Bags”, available in selected stores.

These offer a low-cost mix of near-date groceries that would otherwise go to waste.

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PIZZA Hut is rolling out new digital ordering screens across all 136 of its dine-in restaurants, a move that could make over 100 staff members redundant.

The pizza chain, which employs 3,000 staff, is set to cut 120 front-end roles as part of the shake-up.

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The new terminals at the front of restaurants will make it quicker for customers to order.

A letter to staff at risk of redundancy said: “Over the coming months we are introducing new customer-facing technologies across our restaurants, including digital ordering through QR codes and the installation of in-store kiosks.

“These changes are designed to enhance the customer experience and allow guests to be more self-sufficient when dining with us.”

Other chains such as Wetherspoons and Nando’s have already installed similar screens or offer QR code ordering from the table. 

Emily Curtis from DC London Pie, which owns Pizza Hut UK’s dine-in restaurants, explained that the decision to cut jobs is due to more than 60% of in-store orders now being placed digitally.

She said the company has invested heavily in new technologies to keep up with changing customer preferences.

“As part of this journey, we are adapting our staffing model, particularly in our front-of-house teams,” she added.

“While these decisions are never easy, they are necessary to ensure we continue meeting customer expectations and stay competitive in an increasingly digital marketplace.

“We are committed to supporting affected team members and will work closely with those impacted to help them find new opportunities within the wider Pizza Hut network.”

The dine-in arm of the restaurant was rescued by private equity firm Directional Capital, which created DC London Pie Ltd to take over the franchise.

It saved 3,000 jobs and saw the closure of one restaurant.

It is separate to the delivery side of the chain, which is owned by Yum! Brands, the US firm that owns KFC. 

Pizza Hut first arrived in the UK in 1973 and quickly became a favourite with diners.

At its height, the chain operated over 260 restaurants nationwide, employing 10,000 staff and welcoming three million customers each month.

Some of its most notable creations include the introduction of the pan pizza in 1980, the stuffed crust in 1995, and the re-launch of the pan pizza as the grand pan in 1998.

Pan pizzas are baked in a deep, oil-coated dish, giving the crust a deliciously crispy, golden edge and a lightly fried texture on the bottom.

Like many businesses, Pizza Hut faced challenges during the coronavirus pandemic. 

To manage its financial difficulties, the company entered into a Company Voluntary Arrangement (CVA) – a deal with lenders to cut costs and stay afloat.

At the time, Pizza Hut had over 240 locations across the UK but was forced to close 29 branches as part of the restructuring plan.

HOSPITALITY WOES

The hospitality sector has struggled to bounce back after the pandemic, facing challenges including soaring energy bills, inflation and staff shortages.

In January 2023, Byron Burger fell into administration with owners saying it would result in the loss of over 200 jobs.

Around 12 branches were saved in a rescue deal with Tristar Foods, which is owned by Calveton.

The Restaurant Group (TRG), which owned Frankie & Benny’s, Chiquito and Wagamama, shut dozens of sites in the same year.

It then went on to sell its Frankie & Bennys and Chiquito brands to Cafe Rouge owner The Big Table group in September 2023.

Italian restaurant chain Prezzo also closed dozens of sites in the same year.

In April 2024, Tasty, the owners of Italian restaurant Wildwood and Dim T, a pan-Asian restaurant, announced plans to exit 20 loss-making restaurants.

In the same month, Whitbread revealed plans to slash its chain of branded restaurants across the UK.

Meanwhile, TGI Fridays was forced to close 35 locations immediately after falling into administration last October.

However, 51 restaurants were rescued through a last-minute pre-pack deal with private equity firms Breal Capital and Calveton UK.

BIG names in fashion, including Boohoo and PrettyLittleThing, are making a major AI change and it could lead to surge pricing.

Debenhams Group brands are getting a tech makeover by using artificial intelligence to decide how much items will cost.

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Brands owned by the group are now letting AI set prices in real-time, reacting instantly to trends, demand and what rivals are charging.

The retail giant has teamed up with AI firm Peak to make it all happen.

They reckon this AI system will mean more targeted discounts, so you’re more likely to see deals on stuff you actually want.

It also means the brands can avoid having piles of unsold clothes hanging around.

Dan Finley, chief executive of Debenhams Group, said: “We’ve totally changed how we do pricing.”

“AI helps us make faster, smarter choices, so we can give our customers better value.”

But experts are wary, warning that shoppers could be at the mercy of surge pricing, where AI algorithms automatically raise prices during periods of high demand.

Consumer champion Martyn James warns that “corporate-speak” can obscure the real purpose of these changes.

While the company talks about “automated pricing” and targeted discounts, James points out that “there is also nothing to stop the business increasing prices on demand either.”

He fears that without proper oversight, shoppers could be vulnerable to AI-driven “surge pricing,” as has been seen with hotels and Uber.

Echoing these concerns, consumer expert Scott Dixon believes this is about protecting profits first and foremost.

He said: “The use of AI clearly benefits Debenhams as they can protect profit margins, cut waste and implement surge pricing in-line with increased demand.

“Debenhams needs to show AI is working for its customers, not just shareholders.” 

He also warns of potential price hikes during peak shopping periods like Black Friday and Christmas, stating that dynamic pricing is only fair if it works both ways.

Several retailers, including ASOS and Iconic London, are using AI to make online shopping more interactive.

One example is Nibble, an AI negotiation platform that lets shoppers haggle for discounts before adding items to their cart.

The technology enables a back-and-forth negotiation with a bot, and some users have reportedly secured discounts of up to 40% on ASOS Sample Sale purchases.

The option to negotiate only appears if it’s offered before adding an item to your cart.

In some cases, the feature is timed to pop up when a shopper hesitates over the buy button or seems ready to leave the site.

THOUSANDS of Thames Water customers are stuck on tariffs which were set in the 90s and bills have jumped by up to 671%.

The water firm, which is in the midst of a multibillion-pound rescue deal, has said bills would rise by 31% from April.

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Our investigation has discovered that:

• Customers without water meters have seen bills soar due to rates set in the 90s
• Thousands of homes are unable to get a water meter installed, which could lower their bill, because of where they live
• Customers are not being told about a tariff which could save them money
• Customers who ask to get a water meter but can’t get one could be automatically being moved onto a tariff for a three-bedroom home that is up to £93.72 more expensive annually

We have delivered a dossier of cases to Thames Water asking them to urgently investigate.

We have also shared our concerns with the Consumer Council for Water, regulator Ofwat and the Department for Environment, Food & Rural Affairs.

Consumer expert Martyn James said: “I’m deeply concerned about affordability and supporting people who can’t afford this unavoidable, essential service.”

Bills rising by more than expected

The Sun has spoken to scores of people who have seen their bills double, with one customer being hit by a 671% increase.

Many do not have a water meter, so their bills are calculated using a metric known as the rateable value (RV).

The RV of a property is set by the government and is based on the location and size of your home.

The rates were set in 1990 and the values from March 31 of that year are still used to calculate customers’ bills.

The RV varies from house to house, so your bill could be different to your neighbour’s, even if your houses are identical.

Industry regulator Ofwat told The Sun that some customers, particularly those without a water meter whose bills are calculated in this way, may see their payments increase by more than average.

Ofwat added that the RV may not accurately reflect the amount of water they currently use.

In comparison, households with a water meter pay for the exact amount used.

As a result, their bill could be higher or lower than average based on their usage.

Water meter lottery

Installing a water meter is the main way households can reduce their bill.

Customers firstly must ask Thames Water for a water meter appointment and then an engineer will visit to install one – but thousands of homes around the UK are not suitable for them.

Bill rise is ridiculous – we’ll have to cut back

MUM-OF-TWO Susan Palmer, 46, said it’s “ridiculous

Susan, who lives in a two-bedroom, one-bathroom flat in Lewisham, London, with her husband James, 48, a warehouse operative and 13-year-old sons Callum & Reece.

She said: “It’s worrying. I’m a paramedic so I am not at home very often.

“There is no reason why we would be using a lot of water and we don’t have a bath. It doesn’t make sense.”

Susan called Thames Water to ask why her bill had risen but it couldn’t explain the increase.

Susan said her family will now need to cut back.

“I normally do overtime to keep our head above water. This bill increase will mean we need to tighten our purse strings,” she said.

This is due to a number of reasons, including sharing your water supply with other residents such as in a flat without your own stop cock or living in a home where there isn’t a suitable place to fit one.

Insiders at Thames Water have told this newspaper that around 70% of homes in London cannot get a water meter.

If you live in a home where you cannot get a water meter fitted then you can be moved onto new tariff called the Assessed Household Charge – but this only happens after your home has been assessed by an engineer.

The Sun has found that customers are not being told about this process and therefore cannot access the cheaper tariff.

However, households who are put on the Assessed Household Charge tariff will automatically be moved to the three-bedroom rate, unless they update Thames Water to tell them how many bedrooms they have.

This could mean a household with two bedrooms could be paying around £61.14 extra per year.

Thames Water will not backdate payments so customers need to contact them as soon as possible to check their tariff and update their details.

Experts have slammed the water company for making customers opt-in to find cheaper tariffs.

Martyn James said: “Anything that could reduce bills should absolutely not be conditional on getting a water meter.”

Discounts if you live alone

If you live alone you could also access a single occupier tariff.

However, the vast majority of homes will be on the rate of a three-bedroom home.

The tariff costs £606.58 a year – £93.72 less than for a standard three bed property.

I complained to my MP after bill hike

Natasha Tressillian complained to Thames Water after her water bill rose from £359 a year to £535.

Although Natasha lives alone in a flat in Lewisham, London, she is now spending £45 a month on her bill after it rose by £15 a month.

Thames Water estimates that if Natasha had a water meter her bill would be just £315 a year – £220 less than what she is currently paying.

Natasha, who is in her 30s, said: “Unfortunately a water meter cannot be fitted in my flat. 

“That means with a single occupier tariff I’m paying around double what I would otherwise have been charged if a water meter could be fitted.

“It just doesn’t seem fair or reasonable.”

She has complained to Thames Water and her local MP, Janet Daby, and plans to file a formal complaint to the Consumer Council for Water and Ofwat.

Surge in demand for water meters

Bill rises have caused a surge in demand for water meter installations, according to the Consumer Council for Water.

A spokesperson said: “We know water companies have seen a surge in applications for water meters since the bill rises were announced and, in some cases, demand has doubled or even trebled.

“This means in some instances it is taking longer than expected to install water meters at properties where they can be fitted.”

Thames Water aims to install meters within 50 days.

This means that if you apply for an appointment now you could be forced to wait until the end of July for a visit from an engineer.

It also means if you are unable to get a water meter that you could be waiting weeks paying a higher rate before you can access the discounted tariff.

If it takes longer than 12 weeks for a water meter to be installed then you are entitled to compensation.

Act now to get help

Anyone who is worried about their bill should speak to Thames Water, the Consumer Council for Water recommends.

It should be able to explain why your bill has increased and double check if it is accurate.

You can contact Thames Water online or by calling 0800 980 8800.

The phone lines are open from Monday to Friday between 8am and 8pm or on Saturdays between 8am and 6pm.

If you are still concerned then you can complain to the Consumer Council for Water, who can investigate on your behalf.

If your bill has increased and you do not have a water meter then you should book an appointment now.

An engineer may be able to install a water meter at your home, so you will only be billed for what you use.

If they cannot install a meter then you will be moved onto the Assessed Household Charge, which should save you money.

Ofwat suggests that customers whose bills are calculated using the RV may benefit financially by switching to the Assessed Household Charge.

If your bill will be lower on the new tariff then Thames Water will switch you straight away.

But if your bill will be higher then it will not move you onto the tariff for a year to give you time to understand how you will be affected.

Thames Water will send you a letter to let you know how much you will pay.

If you live alone then contact Thames Water as soon as you can and ask to be moved onto a Single Occupier Tariff.

If you are unable to pay your bill then you may be able to get financial support from Thames Water.

You can complete an assessment online or call 0800 980 8800 to discuss our options.

To apply you will need the details of any income you receive, your debts, regular bills and outgoings and your Thames Water account number.

A Thames Water spokesperson said: “We offer comprehensive support for customers struggling to pay their bill, rated among the best in the sector. 

“We’re already helping around 450,000 customers pay their bills, and by 2030, one in ten households will be in receipt of support, including a discount of 50% on their bill.”

Do you have a money problem that needs sorting? Get in touch by emailing [email protected].

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

SHOPPERS are racing to Dunelm to get their hands on a “gorgeous” chair which is 80% off.

The popular homeware store is selling the pink Elsie Velvet Cocktail Chair for just £19.99 – down from £99.

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The chair is currently being advertised on the Dunelm website for the reduced price of £69.30, but one shopper spotted it in their local store with the even bigger discount.

Posting a picture of the chair reduced to £19.99, the savvy shopper, Liyana Leena, wrote in the Bargain Lovers Facebook group: “Always worth going to Dunelm”.

She claimed to have spotted the massive discount in the Cannock branch of the homeware store.

Shoppers were quick to respond to news of the discount, with one saying they “need to go have a look”. 

Another said: “Love the colour if my room was big enough I would go hunting.”

Shoppers also shared other deals they’ve managed to snap up in the Dunelm sale, with one writing: “I got my curtains in the sale in Dunelm, meant to have been £160 6ftx6ft blackouts got them for £10.”

Another wrote: “I got a £60 rug last year for £6!”

The stylish chair is made from a soft-touch velvet fabric, with a soft foam seat and solid wood legs, and is available in a rhubarb colourway.

It’s 73cm high with a width of 54cm and a diameter of 64cm.

Dunelm describes the chair as boasting a “compact design perfect for adding a modern stylish touch to any room”.

While the item is displayed on the Dunelm website, customers will still need to visit their local store store as it’s not available for home delivery or for Click and Collect.

To find your nearest Dunelm store visit https://www.dunelm.com/stores.

Save on furniture at Dunelm

Dunelm often has sales and promotions offering up to 75% off, especially at certain times of the year.

It’s worth keeping an eye out for Black Friday and Boxing Day sales to bag a bargain.

You can also check the clearance page on the Dunelm website to find the latest discounts.

Other money-saving websites, such as cashback sites like TopCashback and Quidco, may also help you save by allowing you to earn money back on your spending.

Plus you can save by opting for free click-and-collect to avoid being hit with delivery fees.

Do you have a money problem that needs sorting? Get in touch by emailing [email protected].

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

A MAJOR retailer has slashed the price of a stylish egg chair to just £99 and it is perfect to revamp your garden this summer.

Homebase has reduced the cost of its hanging egg chair to £99 down from £199.

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The moves gives customers a chance to save £100 on the popular garden item ahead of the summer.

The retailers take on the chair comes in a grey colour and is 192cm high.

It also comes with cushions and also structured so customers can sway the chair when they sit it in.

The description read: “Its soft cushions and gentle swaying motion provide optimal comfort whilst its stylish design adds a focal point to your outdoor space.

“Whether you’re reading a book or enjoying the scenic beauty, this chair offers a tranquil relaxation experience.”

If you are keen to shop the offer you can head to one of Home base’s 188 concessions within The Range stores across the UK.

You can also shop the product on www.homebase.co.uk.

The item is not available for click and collect.

The retailer went into administration last November, but was bought by CDS Superstores, which also owns The Range and Wilko.

As part of the sale, over 50 struggling stores closed.

But a number of sites were also converted into The Range stores and feature “Garden Centres by Homebase”.

You can find your nearest range which has this concession by visiting, /www.homebase.co.uk/en-uk/stores.

When shopping for garden furniture its also important to shop around to ensure you are getting the best value for your money.

B&M is selling a similar product for £150 and Asda has reduced the price of one of its egg chairs from £249 to £148.

MORE GARDEN DEALS

With summer upon us, many retailers are ramping up sales on garden furniture.

Aldi is offering up a double pack of solar Marrakesh crook lanterns for just £12.99.

The German retailer has a whole range of garden buys coming to stores this Sunday.

That includes a £3.99 solar light which can give your garden an instant refresh.

The bulb comes with a crocodile clip so it can be hung around the garden.

The bulbs come in two different shapes and have 20 firefly LED lights inside to add a whimsical touch.

CHOC-lovers are fuming after Cadbury reduced the size of its Dairy Milk Little Bars multipacks by a third.

New packs of four are being sold for £1.40, even though packs of six cost the same last month.

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The change has been blasted by shoppers, including many parents who bought them as kids’ snacks.

One fumed on the Tesco website: “Advertised as new, only thing new is you get 4 instead of 6!! For the same price. Disgusting!”

A second said: “Stop reducing how much is in the packet and charging the same price!!!”

A third added: “Was a six pack now a four pack for the same price, a third less chocolate, unacceptable shrinkflation.”

It comes after Cadbury reduced packs of Freddos from five to four and Cadbury Dairy Milk multipacks were cut from nine bars to seven.

Cadbury said: “We understand the economic pressures that consumers continue to face and any changes to our product sizes is a last resort for our business.

“However, as a food producer, we are continuing to experience significantly higher input costs across our supply chain, with ingredients such as cocoa and dairy, which are widely used in our products, costing far more than they have done previously.

“Meanwhile, other costs like energy and transport, also remain high. This means that our products continue to be much more expensive to make and while we have absorbed these costs where possible, we still face considerable challenges

“As a result of this difficult environment, we have had to make the decision to slightly reduce the weight of our Cadbury Dairy Milk Little Bars multipacks so that we can continue to provide consumers with the brands they love, without compromising on the great taste and quality they expect.”

Dan Coatsworth, analyst at the investment firm AJ Bell, explained: “The cost of producing chocolate has gone up a lot in recent years, driving up prices and prompting firms to make products smaller.

“When production costs rocket, companies only have a limited range of options.

“They can pass on the costs to the customer through higher prices, which is difficult with a product like chocolate where people are often looking for a cheap treat.

“Another option is to reduce the size of the product in order to reduce the manufacturing cost for each bar of chocolate. Or they can try a combination of the two.

“As a last resort, companies may have to tolerate lower profit margins, especially if consumers refuse to tolerate price rises and stop buying.”

The British Retail Consortium said global cocoa prices are around three times higher than in 2022, after being badly affected by poor harvests in parts of Africa.