Reporting season shows how consumers are responding to cost of living pressures and how retailers are responding

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Australians are buying less pizza but more weight-loss drugs. They love “dupes” but don’t enjoy writing letters.

Here are five key takeaways from the August reporting season that show what consumers are buying as cost of living pressures reignite, and how retailers are responding.

As economic circumstances worsen, the PM’s commitments have left him and the chancellor in a tight spot

When Andy Burnham made his first speech after returning as an MP, he promised that as prime minister he would oversee “the most significant change moment in our politics for 40 years”. His style, direction and communication has been a big shift from Keir Starmer’s approach, but as he heads into the autumn, the new prime minister faces some very similar problems.

With an early budget in late October, and worsening economic circumstances, Burnham has made promises and commitments that put him in a tight spot. Here are some of the constraints over the coming months that Burnham and the chancellor, John Healey, must contend with in their autumn budget.