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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Aug- 2021 -23 August
UK rejects industry demand for EU truck driver visa
The government has reportedly rejected calls to install temporary visas which would allow HGV drivers from the EU to help…
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18 August
Inflation slows to 2% in July
Inflation slowed to 2% in July down from 2.5% the previous month, according to the latest figures from the Office…
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17 August
Unemployment falls to 4.7% as job vacancies hit record high
UK unemployment fell to 4.7% for the quarter to 30 June 2021, a drop of 0.2% when compared to the…
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12 August
Retail best industry for UK start-ups, research finds
Retail has been named as the UK’s best industry for start-ups, according to new research from cloud accounting company Ember.…
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12 August
UK economy surges 4.8% in June
The UK economy grew by 4.8% in June as Covid-19 restrictions surrounding retail and leisure were eased across the UK,…
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6 August
Scottish footfall remains subdued
Figures provided by the Scottish Retail Consortium (SRC) and Sensormatic IQ data. show footfall for retailers is down 27.1% in…
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Jul- 2021 -13 July
UK retail sales jump 13.1% in June
Total retail sales in the UK increased by 13.1% in June, according to the latest BRC-KPMG retail sales monitor. On…
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12 July
Footfall flatlines in June
Footfall from shoppers in the UK plateaued despite social distancing restrictions remaining largely the same, according to new data from…
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7 July
BRC report highlights chargeback ‘struggles’ for retailers
The British Retail Consortium (BRC) has published a report which highlights the ongoing chargeback “struggles” affecting retailers in the UK.…
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Jun- 2021 -30 June
GDP shrinks 1.6% in Q1
The UK’s quarterly gross domestic product (GDP) fell an estimated 1.6% in Q1 2021, a larger margin than the previously…
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