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- 2022 -2 March
UK retail prices rise to highest rate since 2011
Retail price annual inflation accelerated to 1.8% in February, up from 1.5% in January, marking the highest rate of inflation…
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2 March
Retail is the UK’s fastest growing sector, Companies House data reveals
A total of 119,948 new retail businesses were founded in 2021, with 46,972 of the businesses comprising online e-commerce start-ups…
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Feb- 2022 -21 February
Bira welcomes sales rise, but warns ‘all is not well’
The British Independent Retailers Association (Bira) has said it is “pleased to see a rise in retail sales”, but warned…
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18 February
Overseas appetite soars for UK retail sector M&A
Overseas interest has created a surge in deal activity in the UK retail sector in 2021, with overseas acquirors presenting…
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18 February
End of free Covid tests will harm workers, Union warns
Ending free tests and self-isolation rules, along with no masks, represents a “triple whammy” for Covid safety in stores, according…
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16 February
Inflation hits 30-year high amid rising cost of living
Inflation rose by 5.5% in the 12 months to January 2022, up from 5.4% in December 2021, marking the highest…
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15 February
UK labour market sees recovery as unemployment falls to 4.1%
The UK labour market has seen “continuing recovery” as the unemployment rate decreased by 0.2% on the quarter to 4.1%,…
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11 February
UK GDP rises 7.5% in 2021, largest increase since WW2
The UK economy increased by a “better-than-expected” 7.5% in 2021 to record the “fastest” incline since the Second World War,…
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7 February
Consumer confidence falls for second consecutive quarter
The Deloitte Consumer Tracker has revealed UK consumer confidence fell by one percentage point in Q4 2021 to -11%, the…
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3 February
BoE raises interest rates to 0.5%
The Bank of England (BoE) has raised interest rates for the second time in three months to 0.5%, up from…
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