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 -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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16 September
EOTHO pushes UK inflation down to five-year low
The Consumer Prices Index (CPI) 12-month rate fell to 0.2% in August 2020, down from 1% in July, according to…
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14 September
700,000 jobs at risk as end of furlough scheme draws near
Over 700,000 employees are at risk of being made redundant in the second half of 2020, research from Institute for…
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