Why the oil price has shot up, consumer rights as Wilko collapses, and what a surge in shoplifting tells us about consumer finances

The price of oil has gone up by more than 25% in two months, creating a new inflationary headwind for consumers and businesses. Dan Coatsworth talks to AJ Bell’s Russ Mould about why the black stuff is suddenly more expensive, what it means for the cost of petrol and why it could have a big impact on central bank interest rate decisions. Laura Suter explains where customers stand if they need to return faulty goods or spend gift vouchers at collapsed retailer Wilko. Dan explores the rise of shoplifting, what it tells us about the state of consumer finances, how it is hurting corporate profits margins and why social media is making the problem even worse. Laura discusses a new report that explores financial inequality, with women having less in savings, investments and pensions then men. You can also hear about Tesla’s big opportunity with a supercomputer called Dojo which has triggered another big rise in its share price, as well as ARM’s return to the stock market and why Restaurant Group is paying someone to take the Frankie & Benny’s casual dining chain off its hands.

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