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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Mar- 2020 -11 March
ROUNDUP: Business rates holiday announced by chancellor Sunak
In his maiden budget, the new chancellor, Rishi Sunak, has announced a £30bn fiscal stimulus package to help combat the…
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11 March
Bank of England cuts interest rates to help combat coronavirus impact
The Bank of England has cut UK interest rates back down to the lowest level in history to help mitigate…
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Feb- 2020 -19 February
Revo calls on Government to ‘make good’ on review of business rates system
Revo, which supports businesses in the retail property and placemaking sector, has called on the UK Government to “make good”…
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18 February
Consumer confidence reaches record-high in February
The IHS Markit Household Finance Index reached a record-high of 47.6 in February, up from 44.6 last month. IHS Markit,…
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11 February
Retailers suffer ‘stuttering start’ to 2020
Retailers saw a slow start to the year as total sales increased by only 0.4% in January, against an increase…
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4 February
Retail chief executive turnover reaches seven-year high in 2019
Retail chief executive turnover has reached a seven-year- high, a new study has found. The Korn Ferry’s eighth annual UK…
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Jan- 2020 -29 January
Retail sales fall flat for third consecutive month, CBI finds
Retail sales volumes were flat for the third consecutive month in the year to January with no growth expected next…
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Dec- 2019 -3 December
Outstanding business rates challenges increase by 35%
The number of businesses waiting for challenges over soaring business rates to be resolved has jumped by more than a…
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Nov- 2019 -29 November
Consumer confidence ‘flatlines’ in November, claims GfK
GfK’s Consumer Confidence Index has revealed a ‘flatline’ in consumer confidence. Consumer confidence in November was ranked at -14, the…
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22 November
The Hut Group secures £510m debt facility to boost beauty investment
The Hut Group has secured a £510m of debt issuance with a seven-year maturity to help boost its digital and…
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