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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Sep- 2022 -12 September
BoE delays interest rates decision
The Bank of England (BoE) has delayed its interest rates decision for one week, following the death of Queen Elizabeth…
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9 September
UK workers face £2,000 hit to real wages
UK workers are facing a £2,000 hit to their real wages by the end of 2022 as the UK economy…
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8 September
Energy bills to be capped at £2,500 a year from October
Prime minister Liz Truss has announced today that energy bills for typical households will be capped at £2,500 annually for…
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6 September
UK retail sales slow in August
UK retail sales slowed in August as total sales increased by 1.0% compared with an increase of 3% in August…
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5 September
UK retail sector M&A deals increase 21% on last year
The number of M&A deals targeting UK retailers has increased by 21% in the last year, up from 28 transactions…
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Aug- 2022 -31 August
Food prices rise at fastest rate since 2008, BRC finds
New data from the British Retail Consortium (BRC) and NielsenIQ index has shown that food prices have risen at their…
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26 August
Energy price cap to rise by 80% to £3,549 from October
Ofgem has confirmed that the energy price cap will increase by 80% to a record £3,549 a year for dual…
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19 August
Retail sales improve slightly in July
Retail sales volumes rose by 0.3% in July 2022 following a fall of 0.2% in June 2022, according to the…
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19 August
Consumer confidence hits record low of -44 in August
Acute concerns amid the soaring cost of living and bleak economic prospects saw GfK’s long-running Consumer Confidence Index fall by…
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18 August
Made.com calls in advisers to shore up balance sheet
Made.com Group, the online furniture retailer, has reportedly called in advisers to help shore up its balance sheet as it…
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