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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Oct- 2024 -29 October
BRC calls for chancellor to keep prices low
The BRC has called on the chancellor to keep prices low ahead of the budget as shop price growth hit…
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25 October
UK consumer confidence falters ahead of budget
UK consumer confidence has dropped to -21 in October, according to GfK’s long-running index. The survey revealed that out of…
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23 October
M&S boss calls tax rises ‘the easy way out’ ahead of budget
M&S CEO Stuart Machin has accused chancellor Rachel Reeves of “taking the easy way out” amid reports she is considering…
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18 October
Tech stores help retail sales beat expectations in September
Retail sales volumes are estimated to have risen by 0.3% in September 2024, beating expectations thanks to strong demand in…
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16 October
Inflation falls to lowest rate in over three years
UK inflation fell to 1.7% in September, down from 2.2% in August, marking the lowest rate in over three years.This…
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8 October
September retail sales see biggest boost in half a year
UK Total retail sales increased by 2% year on year in September marking the largest increase in over six months,…
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2 October
Shop prices move further into deflation
Shop Price deflation was at 0.6% in September, down from deflation of 0.3% in the previous month and below the…
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Sep- 2024 -19 September
BoE holds interest rates at 5%
The Bank of England (BoE) has decided to hold interest rates at 5% this month, having lowered them for the…
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18 September
UK Till sales slow to 4% this month, NIQ finds
Total Till sales growth at UK supermarkets slowed to 4% in the four weeks ending 7 September, down from 5.5%…
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18 September
Inflation holds steady at 2.2% in August
The rate of inflation remained steady at 2.2% in August, unchanged since July, yet is still above the Bank of…
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