financial year

He added at the end of the financial year, debt remained "close to the annual value of the output of the economy, at levels last seen in the early 1960s".

The fund – £4.387m for the 2025/26 financial year – will be used to help residents with food, for energy grants, council tax relief and aid for care leavers and other vulnerable groups.

In the last reported financial year, the group opened 22 showrooms, refurbished 15 and acquired 15 through jewellers Ernest Jones.

Close to 1.4 billion shipments entered the US under the provision in the last financial year, according to customs data.

The new financial year has brought with it increases to energy, water and council tax bills, and employers will also have to pay more in National Insurance contributions and the minimum wage.