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- 2025 -21 March
London’s store closures return to pre-pandemic levels for first time
Five stores closed each day in Greater London in 2024, with four new stores opening, according to the latest data…
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20 March
BoE holds interest rates at 4.5%
The Bank of England (BoE) has voted to hold interest rates at 4.5%, having cut the rate last month to…
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20 March
UK consumer confidence improves in March as Gen Z set to spend
UK consumer confidence improved slightly to -35 in March, up from -37 in February, the BRC has revealed. According to…
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20 March
Quarter of a million retail jobs lost in five years, ONS finds
There are now 249,000 fewer retail jobs than there were five years ago, according to the latest data from the…
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14 March
UK GDP unexpectedly falls 0.1% in Jan
The UK economy shrank unexpectedly by 0.1% in January as production in the manufacturing sector struggled, according to the latest…
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11 March
Valentines Day helps retail sales jump 1.1% in February
Total retail sales in the UK increased by 1.1% year-on-year for the four weeks ended 1 March, a similar increase…
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4 March
Shop price inflation remains at 0.7% despite surge in food prices
Shop price inflation remained in deflation at 0.7% in February, after also falling to -0.7% in January, according to data…
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Feb- 2025 -28 February
UK retail sales grow 2.3% in February, BDO reveals
Total retail sales in discretionary spend categories grew by 2.3% in February, compared to a negative base of -1.3% in…
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26 February
Bira ‘cautiously’ backs govt Crime and Policing Bill
The British Independent Retailers Association (Bira) has “cautiously” welcomed the new Crime and Policing Bill but demands more immediate action…
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26 February
One in 10 part-time retail jobs at risk, BRC says
One in 10 part-time retail jobs, up to 160,000 roles, could be at risk of being lost over the next…
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