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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Nov- 2023 -28 November
Falling inflation under threat in 2024, BRC warns
The British Retail Consortium (BRC) has warned that the current trend of falling inflation could be under threat in the…
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22 November
Chancellor cuts National Insurance to 10% alongside NLW rise
Chancellor Jeremy Hunt has announced a series of measures to help boost the UK economy as part of his Autumn…
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15 November
Lower energy prices sees inflation drop to 4.6%
UK Inflation slowed sharply to 4.6% in October, beating economists expectations, thanks to a marked reduction in energy prices. According…
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10 November
UK economy stagnates in Q3
UK GDP has shown no growth in July-September (Q3) compared with an increase of 0.2% in the previous quarter, according…
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1 November
Black Friday spending to halve due to cost-of-living crisis
Overall spending per person over Black Friday is due to fall from £168.18 in 2021 back to the 2020 average…
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Oct- 2023 -31 October
Shop price inflation reaches lowest point since August 2022
Shop price annual inflation has dropped to 5.2% in October, down from 6.2% in September, reaching its lowest point since…
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26 October
Some 88% of retailers expect sales boost from Black Friday
Some 88% of retailers are expecting Black Friday to have an impact on sales, closely followed by ‘Panic Saturday’ –…
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25 October
One in three adults used BNPL services last year, Clearpay finds
Some 30% of British adults have used a Buy Now Pay Later (BNPL) service to make at least one payment…
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20 October
UK consumer confidence falls ahead of festive period
GfK’s long-running consumer confidence index decreased nine points to -30 in October. All five measures were down in comparison to…
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18 October
Inflation remains at 6.7% despite fall in food prices
Inflation remained unchanged at 6.7% in September as a fall in food prices was offset by an increase in the…
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