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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Sep- 2021 -28 September
Asos to create 180 jobs with new £14m Tech Hub
Asos has announced it is to invest £14m in a new Tech Hub in Belfast and create 184 new jobs…
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24 September
Consumer confidence falls amid ongoing supply chain issues
UK consumer confidence has fallen back five points in September, largely attributed to both shop supply shortages and rising prices,…
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23 September
Card retail transactions up to 81%, survey finds
Debit and credit card retail transactions surpassed four in every five pounds spent in 2020 (81%, up from 78% in…
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15 September
Inflation sees biggest jump on record in August
UK inflation saw its largest jump since records began in August, as the rate spiked to 3.2% in a 12…
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8 September
UK shoppers buying internationally drops 14%
The proportion of UK shoppers buying internationally reportedly dropped 14% to just over one in 10 (31%) in 2021. According…
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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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