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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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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25 June
Long-term WFH may damage ‘perfectly good’ retailers, says BIRA CEO
A permanent working from home post-lockdown model could damage “perfectly good” businesses, according to the British Independent Retailers Association’s (BIRA)…
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18 June
Return to restaurants sees retail sales fall by 1.4%
UK retail sales fell by 1.4% between April and May, following a sharp increase in April when retail restrictions were…
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16 June
UK inflation hits 2.1% as clothing prices rise
Inflation in the UK rose to 2.1% in May, up from 1.5% in April, according to the latest figures from…
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11 June
Retail sector boosted by ‘buoyant’ sales
The UK’s retail sector in May has been boosted by “buoyant” sales, according to the British Retail Consortium (BRC). Over…
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3 June
BRC warns of future price rises despite 0.6% fall in May
Shop prices fell 0.6% year-on-year in May, the slowest rate of decline since February 2020 as the British Retail Consortium…
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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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