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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Aug- 2020 -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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Jun- 2020 -30 June
Revised ONS data reveals greater GDP drop in Q1 2020
The UK’s gross domestic product (GDP) in volume terms fell by 2.2% in Q1 2020, which has been revised downwards…
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26 June
Just 13.8% of retail rent collected on June quarter day
Landlords received just 13.8% of rent owed by the UK retailers on this quarter’s rent date, compared with the 19.8%…
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19 June
UK consumer confidence rises in June
GfK’s long-running Consumer Confidence Index increased by six points to -30 in June. The measure for the general economic situation…
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18 June
UK inflation hits four-year low
The UK’s inflation rate dropped to 0.5% in May, down from 0.8% in April, according to new figures from the…
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