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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Jun- 2022 -1 June
Almost half of businesses hit with price increases
Approximately half (48%) of businesses currently trading have reported that the prices of materials, goods, or services bought in April…
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May- 2022 -27 May
West End set for £80m injection over Jubilee weekend
The New West End Company, which represents 600 retail, restaurant, hotel and property owners across Bond Street, Oxford Street, Regent…
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23 May
Moonpig to acquire Buyagift for £124m
Moonpig Group has announced the proposed acquisition of the entire issued share capital of Buyagift, the gift experiences platform, for…
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20 May
Consumer confidence drops to lowest level since 1974
UK consumer confidence has fallen to its lowest level since records began in 1974, according to the latest figures from…
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18 May
Inflation hits 40-year high
UK inflation has hit its highest level in 40 years during the month of April, driven by the rising cost…
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13 May
John Lewis chair Sharon White calls for cost of living aid package
Chair of the John Lewis Partnership, Dame Sharon White, has urged the government to issue a new aid package to…
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12 May
UK economy shrinks in March
The UK economy shrunk by 0.1% in March as consumers started to feel the bite of rising energy prices and…
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11 May
Rising cost of living dents April retail sales
Retail sales decreased by 0.3% in April compared with the year prior, marking the first decline in 15 months as…
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10 May
Cost of living crisis begins to hamper consumer spending
Spending on essential items dropped to 18.1% in April, compared to 17.4% in March, as inflation and rising living costs…
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5 May
Consumers must brace for further price rises, BRC warns
The British Retail Consortium has warned that consumers can expect further rising prices as inflation continues to accelerate in the…
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