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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Jul- 2022 -5 July
Customer complaints costing UK retail more than £9bn
Customer complaints have reached an all-time high which has cost businesses more than £9.24bn a month in staff hours, according…
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5 July
Over one in five SMEs unable to access external finance, research finds
New research commissioned by Manx Financial Group has revealed that more than one in five (22%) small and medium sized…
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1 July
UK SMEs hit by hiring woes despite ‘record’ wage rise
SMEs across the UK are “facing more woes” as they struggle to fill vacancies despite a strong 14.3% increase in…
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Jun- 2022 -29 June
Shop price inflation hits highest level since 2008
Shop price annual inflation increased to 3.1% in June 2022, up from 2.8% in May, marking the highest rate of…
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27 June
Cost of living crisis could lead to ‘mild recession’, report warns
There is a rising risk of the UK economy falling into a “mild recession” due to the cost of living…
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27 June
High street footfall plummets amid cost of living strain
High street footfall fell 25% in May against the previous month, according to RSM UK’s analysis of the latest data…
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24 June
Inflation drives disposable income to ‘lowest ever level’
Household discretionary income has fallen -17.2% in May to £41.94 a week (equivalent to £167.76 per month), marking another “record”…
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24 June
Vodafone launches support hubs as SMEs struggle to ‘stay afloat’
Vodafone has launched two new resources to support SMEs after a new report commissioned by the group highlighted how SMEs…
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24 June
Retail sales fall as consumers cut household spending
Retail sales volumes fell by 0.5% in May 2022 according to the latest figures from the Office for National Statistics…
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24 June
UK consumer confidence sinks to new record low in June
UK consumer confidence has fallen to the lowest level since records began during the month of June, according to the…
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