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- 2021 -8 February
Sunak mulls ‘Amazon Tax’ to help with UK debts
Chancellor Rishi Sunak is allegedly considering a double tax raid on online retailers such as Amazon who profited during the…
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3 February
13,000 Scottish retail jobs were lost before Covid-19, SRC reveals
13,000 Scottish retail jobs were lost between 2016-2018, a new paper by the Scottish Retail Consortium (SRC) reveals. The report…
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Jan- 2021 -26 January
Unemployment rises 5% to 1.7m
The UK unemployment rate rose by 5% in the three months to November with over 1.7 million people now out…
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15 January
UK GDP shrinks by 2.6%
GDP declined by 2.6% in November 2020 as government restrictions reduced economic activity, the latest ONS figures reveal. Figures released…
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8 January
Boots’ parent company reports strong Q1 trading
Walgreen Boots, the parent company of Boots, has reported its first quarter trading has exceeded expectations after it was buoyed…
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Dec- 2020 -10 December
Global retail industry deals total $26.98bn in Q3
Total retail industry deals for Q3 2020 worth $26.98bn (£20.2bn) were announced globally, according to the latest figures from GlobalData’s…
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8 December
Consumer spending drops 2% in November
Consumer spending in the UK fell by 2.9% in November, despite spending on essential items growing 4.9% year-on-year, as ‘circuit…
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3 December
Retail hiring falls 20%
Hiring in the UK’s retail sector was down 19.7% in October compared to the same month last year, according to…
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Nov- 2020 -17 November
Consumer confidence falls with Covid restrictions
Consumer confidence in the UK has dropped significantly with the introduction of further pandemic restrictions, according to new data from…
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12 November
UK GDP recovers 15.5% in Q3
The UK economy showed signs of recovery in Q3 as GDP grew a record 15.5% from July to September. The…
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