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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Sep- 2020 -7 September
GDP to contract £15.3bn each year if home working persists
Lower consumer spending and a decrease in economic clustering if pandemic levels of home working persist would reduce UK GDP…
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3 September
UK small business sector ‘plagued’ by late payment issues
UK freelancers and small business owners continue to be plagued by the problem of late payment, according to new research…
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Aug- 2020 -27 August
Younger Brits drive corner shop lockdown revival
Younger UK consumers have been the “driving force” behind the revival of the corner shop, according to research carried out…
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24 August
Record economic growth anticipated for Q3
The UK is reportedly on track for a record economic resurgence during the third quarter of the year, following sharp…
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12 August
UK in recession following 20% GDP slump
The UK economy has entered into a technical recession following a “record” fall in gross domestic product (GDP) during the…
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Jul- 2020 -16 July
UK payroll numbers plummet by 650,000
The number of people on UK company payrolls fell by 649,000 between March and June 2020, new research from the…
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14 July
June retail sales show signs of recovery
Retail sales increased by 3.4% in June, against a decrease of 1.6% in June 2019, marking the first signs of…
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8 July
Government to crack down on violence against shopworkers
The government has vowed to crack down on violence and abuse against shopworkers. In a statement, yesterday the Home Office…
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7 July
Usdaw urges chancellor to announce retail recovery plan
Retail trade union Usdaw is calling on the chancellor to announce in Wednesday’s (8 June) economic statement an “urgent recovery…
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3 July
Consumer confidence increases in June
GfK’s fourth Covid-19 flash report has revealed Consumer Confidence Index increased by three points to -27 over the past two…
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