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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Jan- 2023 -23 January
Consumer confidence improves for first time in 15 months
UK consumer confidence in the final quarter of 2022 improved by half (+0.6) a percentage point, according to the latest…
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20 January
December retail sales fall 1% despite Christmas boost
Retail sales volumes fell by 1% in December 2022 after a 0.5% fall in November 2022, according to data from…
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18 January
UK inflation dips for second consecutive month
UK inflation fell slightly for the second consecutive month from 10.7% to 10.5% in December as easing fuel costs were…
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13 January
UK economy beats expectations as it grows 0.1% in November
The UK economy unexpectedly grew by 0.1% in November as the World Cup helped boost restaurant and pub sales, according…
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10 January
Retail sales rise 6.9% over Christmas
The BRC has reported that sales on a total basis increased by 6.9% in December 2022, compared with the prior…
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4 January
Food inflation hits record high of 13.3%
ood inflation accelerated to the highest inflation rate in the category on record, after jumping to 13.3% in December, up…
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Dec- 2022 -16 December
Retail sales dip 0.4% in November
Black Friday and Christmas shopping has failed to lure people back to the high streets as the Office for National…
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16 December
Consumer confidence remains at ‘historic lows’ in December
GfK’s Consumer Confidence Index increased by only two points in December to -42, with confidence still sitting at “historic lows”. …
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15 December
Bank of England raises interest rates by 0.5% to 3.5%
The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of…
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14 December
Inflation falls to 10.7%
UK Inflation fell to 10.7% in November, down from 11.1% in October, but still remains close to a 40-year high…
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