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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Sep- 2023 -28 September
BPF calls for extended empty rates relief
The British Property Federation (BPF) has called on the government to extend the business rates relief for empty properties to…
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21 September
Bank of England keeps interest rates unchanged at 5.25%
Following 14 straight rate rises, the Bank of England (BoE) has kept interest rates unchanged at 5.25%. At its latest…
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20 September
Ofgem urged to act on rates as consultation into broker fees ends
Ofgem has been urged to act on “out of contract” rates by Box Power, the same social enterprise which helped…
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20 September
Inflation ‘unexpectedly’ falls to 6.7%
The headline rate of inflation has fallen by 0.1% to 6.7% in August, according to the latest data from the…
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12 September
Wage growth starts to outpace rate of inflation
Pay growth has caught up with the rate of inflation for the first time in nearly two years, as wages…
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11 September
Retail leaders call for business rates freeze
Leaders of major retail businesses have written to chancellor Jeremy Hunt calling for a freeze in business rates in the…
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Aug- 2023 -18 August
Poor weather drags down retail sales 1.2% in July
Retail sales volumes are estimated to have fallen by 1.2% in July 2023 following a rise of 0.6% in June…
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17 August
Over 550,000 SMEs struggle to pay tax bills, study finds
More than 550,000 small and medium-sized businesses are currently struggling to pay tax bills, according to new research from Premium…
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16 August
Inflation falls for second consecutive month to 6.8%
Inflation fell for the second consecutive month in July to 6.8%, down from 7.9% in June, as the energy price…
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11 August
UK economy grows by 0.2% in Q2
The UK economy has grown faster than expected in the three months to June, new figures from the Office for…
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