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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May- 2021 -25 May
Family spending power reaches 11-year high
The average family disposable income in the UK has reached an 11-year high, according to Asda’s latest Income Tracker. Income…
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21 May
Consumer confidence jumps six points in May
Consumer confidence in the UK has increased by six points to -9 in May 2021, according to GfK’s Consumer Confidence…
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19 May
UK inflation rate doubles for April
The UK’s annual inflation rate has more than doubled in April 2021, according to recent figures from the Office for…
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18 May
Employer job optimism at eight-year high
Employers in the UK are the most optimistic about the country’s job market in eight years, according to the latest…
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12 May
UK economy shrinks 1.5% in Q1 despite signs of recovery
The UK economy shrank by 1.5% during the first three months of the year due to the impact of the…
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Apr- 2021 -30 April
One in seven retail units remain vacant, says BRC
Retail vacancies in the UK have increased across all shopping destinations, according to the British Retail Consortium (BRC) and Local…
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29 April
VF Corp to sell workwear brands
VF Corporation has announced it has entered into an agreement to see the occupational part of its work segment with…
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28 April
Shop prices fall in April as non-essential retailers reopen
UK shop prices continued to drop in April as non-essential retailers reopened after lockdown, according to the BRC-Nielsen shop price…
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27 April
Consumer confidence rises due to ‘roadmap’ out of lockdown
During the first three months of 2021, consumer confidence saw a record quarterly rise thanks to the government’s “roadmap” out…
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23 April
Consumer confidence edges up alongside reopening
GfK’s consumer confidence UK Consumer Confidence Index increased one point to -15 in April as the retail sector reopened. Two…
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