Economy
The latest news, updates and analysis on the economy and how it is affecting the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Mar- 2024 -22 March
UK Consumer confidence stagnates in March
UK Consumer confidence has remained flat at -21 in March following a two point drop last month, according to data…
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22 March
Retail sales flatline in rainiest February on record
UK retail sales experienced no growth (0.0%) in February, down from 3.6% in the month prior, as wet weather discouraged…
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20 March
Inflation falls to 3.4%
UK inflation fell to 3.4% in February, down from 4% in January, beating economists expectations of 3.5% as food inflation…
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14 March
Retail sees 14 closures a day as 5,000 stores vanish in 2023
High-profile retail restructuring and administrations have resulted in a net of 14 store closures a day during 2023, according to…
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13 March
Shoppers help boost UK economy in Jan
UK GDP increased by 0.2% in January, up from a decline of 0.1% in December, as an increase in spending…
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7 March
Budget will ‘do nothing to turbocharge investment’, says BRC
The British Retail Consortium (BRC) has stated that the latest Budget announcement will “do nothing to turbocharge investment and growth…
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6 March
Chancellor cuts NI by a further 2p as part of Spring Budget
Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance, falling from 10% to 8% from 6 April,…
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5 March
Deal activity in F&B recovered in 2023, Grant Thornton finds
Deal activity in the food and beverage sector rebounded last year compared with 2022, when dealmaking was put on pause…
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5 March
Retail sales underperform in February
UK total retail sales rose by 1.1% year-on-year during the four-week period ended 24 February, against a growth of 5.2%…
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Feb- 2024 -28 February
68% of SMEs feel more positive about business growth, survey finds
Some 68% of small and medium-sized enterprises (SMEs) are feeling more positive about their business growth opportunities when compared to…
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