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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Feb- 2022 -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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3 February
Energy price cap to rise 54% from April
Retail bosses are braced for a spending squeeze after it was revealed the energy price cap is set to increase…
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Jan- 2022 -24 January
2021 footfall found to be 31% lower than in 2019
Footfall across all UK retail destinations was –31.1% lower than in 2019, but up from -39.1% in 2020, with retail…
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24 January
Retail sales rebound but challenges remain, data finds
The reopening of the economy post-lockdown led to a rebound in sales for FTSE Retailers but warnings have been issued…
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21 January
Signs of footfall return ahead of lifting of Plan B
Increases in footfall are already beginning to be seen after the announcement of the end of Plan B, with footfall…
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18 January
Footfall rise shows first signs of return to office
Footfall across UK retail destinations rose by 1.5% last week from the week before, according to Springboard. High streets were…
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