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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Jul- 2024 -2 July
Shop price inflation eases to 0.2% in June
Shop price annual inflation eased to 0.2% in June, down from 0.6% in May, the lowest rate of price growth…
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Jun- 2024 -21 June
BoE decision a ‘blow for Gen Z spending’, says RSM UK
The economic impact of high interest rates is set to hit Gen Z spending for the next 12 months, “prolonging…
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21 June
UK retail sales jump 2.9% in May
UK retail sales volumes rose by 2.9% in May 2024, following a fall of 1.8% in April 2024, according to…
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20 June
BoE holds interest rates for 7th consecutive month
Interest rates have remained unchanged at 5.25% for the seventh consecutive month, the Bank of England has announced. The bank’s MPC…
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19 June
Inflation hits 2% target for first time in three years
UK inflation has hit its target for the first time in almost three years, as consumer price inflation eased to…
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17 June
Peak international spending returns to pre-pandemic levels, ONS finds
Spending by international visitors in August, the traditional UK high season, has largely recovered since the Covid-19 pandemic, according to…
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12 June
Economy stalls in April due to wet weather
The UK economy stalled in April showing no growth as wet weather dampened consumer spending, according to the latest figures…
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12 June
Euros to boost retail spending, BRC finds
England and Scotland’s involvement in this year’s euros are likely to net retailers a “vital” spending boost, according to polling…
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4 June
UK retail sales improve by 0.7% in May
UK total retail sales increased by 0.7% year on year in May, against a growth of 3.9% in May 2023. …
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May- 2024 -29 May
Retail sales recover as inflation slows, CBI finds
Retail sales grew at their fastest pace since December 2022 in the year to May, as sales volumes jumped 8%…
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