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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Jan- 2024 -8 January
120,000 retail jobs lost in 2023
Almost 120,000 retail employees lost their jobs in 2023 after more than 10,000 shops shuttered over the year, according to…
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5 January
Northern Ireland records investment volumes of £338m, CBRE finds
Northern Ireland’s commercial investment sector held steady in 2023 despite economic challenges, recording total investment volumes of £338m, CBRE NI…
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2 January
Shop price inflation flatlines in December
The annual shop price rise was slower than the three-month average rate of 4.6% at 4.3%, the lowest since June…
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Dec- 2023 -20 December
UK inflation falls to two-year low of 3.9%
UK inflation has fallen to 3.9% in the year to November, the lowest level seen in two years, according to…
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15 December
A quarter of UK adults to scale back Xmas meal, survey finds
A quarter of UK adults will be scaling back their Christmas meal this year due to the current financial pressures,…
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15 December
Consumer confidence improves during December
Consumer confidence improved two points during December to -22 as sentiment improved ahead of Christmas. All five measures were up…
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11 December
Black Friday fails to rally shoppers during ‘bleak’ November, BDO finds
Significant discounts in the run up to Black Friday failed to rally UK shoppers, resulting in “another disappointing month” for…
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Nov- 2023 -28 November
Falling inflation under threat in 2024, BRC warns
The British Retail Consortium (BRC) has warned that the current trend of falling inflation could be under threat in the…
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22 November
Chancellor cuts National Insurance to 10% alongside NLW rise
Chancellor Jeremy Hunt has announced a series of measures to help boost the UK economy as part of his Autumn…
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15 November
Lower energy prices sees inflation drop to 4.6%
UK Inflation slowed sharply to 4.6% in October, beating economists expectations, thanks to a marked reduction in energy prices. According…
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