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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Oct- 2020 -23 October
UK retail sales grow for fifth month in a row
Retail sales in the UK have risen for the fifth consecutive month, despite the introduction of the tiered lockdown system,…
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21 October
UK inflation rises to 0.5% after EOTHO ends
UK inflation for the month of September increased to 0.5% after the end of the Government’s Eat Out to Help…
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13 October
UK unemployment rises to 4.5%
The UK unemployment rate increased to 4.5% during the three months from July to August, the highest level in over…
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13 October
UK retail sales rise by 6.1% in September
Retail sales in the UK increased on a like-for-like basis by 6.1% in September from the same period last year,…
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7 October
Businesses must check furlough inaccuracies before HMRC deadline
Businesses using the furlough scheme have been urged to “thoroughly check” their claims for inaccuracies before HMRC’s cut-off date to…
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6 October
High Streets Task Force appoints 150 experts
The High Streets Task Force has appointed 150 professionals to work with local authorities in England over the next four…
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Sep- 2020 -30 September
N Brown reveals H1 recovery on back of homeware demand
The N Brown group has posted a “recovery” in H1 sales following an increased demand for homeware. N Brown said…
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29 September
ScS posts full year loss despite post-lockdown boost
ScS has revealed it made a statutory loss of £3.1m before tax in the preliminary results for the year ending…
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28 September
£3bn tariff ahead for UK retailers and consumers, warns BRC
Supermarkets and their customers could face £3bn a year of tariffs on food and drink if a free trade deal…
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24 September
DFS posts full year loss in preliminary results
Sofa retailer DFS has reported losses before tax of £56.8m, in the group’s preliminary results for FY20. For the FY…
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