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- 2023 -23 March
BoE raises interest rates to 4.25%
The Bank of England (BoE) has announced that interest rates will be raised by 0.25% to 4.25%, the highest rate…
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22 March
Inflation unexpectedly jumps to 10.4% amid rising food prices
The UK inflation rate unexpectedly increased to 10.4% in February driven by increased drink and food prices which reached their…
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16 March
Retailers welcome budget but ‘missed opportunity’ for rates reform
Retail has welcomed the support for households in the face of the cost of living crisis in the chancellor’s Spring…
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15 March
Spring Budget: Corporation tax to rise to 25%
Corporation tax is set to rise from 19% to 25% for firms with profits over £250,000, as part of a…
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14 March
Retail jobs at lowest four quarter average in over a decade
The number of retail jobs in the UK was down to its lowest average four quarter level in over a…
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10 March
UK GDP grows by 0.3% in January
Monthly gross domestic product (GDP) is estimated to have increased by a narrow 0.3% in January, with a faster recovery…
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7 March
UK sales receive Valentine’s Day boost despite inflation
February retail sales have benefited from Valentine’s Day but numbers remain low compared to last year, according to the latest…
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2 March
Shop Price inflation hits 8.4% in February
Shop price inflation reached a record high in February amid warnings that consumers are unlikely to see prices dropping again…
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Feb- 2023 -28 February
PM agrees new Brexit deal with EU for NI
Prime minister Rishi Sunak has agreed a deal with the head of the European Commission, Ursula von der Leyen, for…
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24 February
UK consumer confidence rebounds to highest level since April 2022
UK consumer confidence has bounced back in February to its highest level in almost a year, demonstrating consumers’ resiliency in…
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