Economy

Chancellor resists calls for business relief in Spring Statement

Chancellor Rachel Reeves has resisted calls from businesses for relief ahead of the upcoming tax changes this April, as part…

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Shop price inflation remains at 0.7% despite surge in food prices

Shop price inflation remained in deflation at 0.7% in February, after also falling to -0.7% in January, according to data…

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UK consumer confidence drops to new low in February

UK consumer confidence slipped to a new low of -37 in February, amid the worsening state of the economy. According…

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Average diamond price rose 2.7% in 2024

The average price of a diamond rose 2.7% to $2,360 (£1872) in 2024, according to data from the Natural Diamond…

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BoE cuts interest rates to 4.5%

The Bank of England (BoE) has voted to cut interest rates from 4.75% to 4.5%, the lowest level since June…

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Value of diamonds has plummeted in past 2 years, warns 77 Diamonds

Both natural and lab grown diamonds have seen a significant reduction in value, according to online jeweller 77 Diamonds. Over…

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BRC warns of 2025 falling sales volume despite December sales growth

The British Retail Consortium (BRC) has warned of possible falling sales volume in 2025 despite the modest increase in total…

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Total footfall was down 2.2% in 2024

Total UK footfall in 2024 was down 2.2% compared with 2023 according to data from the British Retail Consortium (BRC).…

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Footfall rises ahead of Christmas but remains lower than 2023 levels

Footfall rose for the second consecutive week last week across all UK retail destinations with retail parks and shopping centres…

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BRC warns of ‘spending squeeze’ in January

The British Retail Consortium has warned of a January spending squeeze, as BRC-Opinium data between 10 and 13 December showed…

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