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.
-
May- 2020 -12 May
Chancellor expected to extend furlough scheme to September
Chancellor of the Exchequer Rishi Sunak is expected to extend the Government’s coronavirus furlough scheme to September, but reduce the…
Read More » -
1 May
Quarter of retail SMEs will need up to two years to recover
Nearly a quarter (22%) of SMEs in the retail sector believe it will take up to two years to recoup…
Read More » -
Apr- 2020 -15 April
Covid-19 could cause UK economy to shrink by 35%, says OBR
The UK’s economy could shrink by as much as 35% in the second quarter of 2020 due to the Covid-19…
Read More » -
6 April
Consumer confidences slumps to lowest level since records began
Gfk’s long-running Consumer Confidence Index has decreased drastically by 25 points between the first two and last two weeks of…
Read More » -
Mar- 2020 -30 March
UK GDP expected to contract by 15% in Q2 2020
The UK economy is about to enter the deepest recession since the financial crisis, including the steepest quarter-on-quarter decline in…
Read More » -
24 March
Covid-19 brings UK economy to temporary standstill, says KPMG
The impact of the Covid-19 virus is expected to see the UK economy contract by 2.6% in 2020, according to…
Read More » -
23 March
FCA asks companies to delay preliminary financial accounts
The Financial Conduct Authority (FCA) has requested companies which were due to issue its preliminary trading updates in the next…
Read More » -
19 March
New bank of England boss promises fresh measures to fight Covid-19
The new Bank of England boss, Andrew Bailey, has promised a fresh set of measures to help fight the economic…
Read More » -
18 March
Retail welcomes ‘bold move’ from chancellor to support business
The retail industry has welcomed the “bold move” announced by the chancellor yesterday (17 March), which included announcing a 12-month…
Read More » -
13 March
Government to introduce 2% digital services tax
The UK Government has confirmed plans to introduce a new 2% tax on the revenues of online marketplaces which “derive…
Read More »