Economy

Heatwave helps boost retail sales 2.3% in July

Retail sales increased 2.3% in July as the heatwave experienced across the UK helped boost demand for “hot weather essentials”,…

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UK recession can be averted, claims Truss

In an interview with Sky News’s Kay Burley last night (4 August), foreign secretary Liz Truss claimed she could avert…

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Footfall declines in July as north-south divide grows

Footfall weakened in July to -14.2% below 2019 from -12.3% in June 2022 with the month’s performance also highlighting the…

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BoE hikes rates to 1.75%, warns UK to enter recession until 2024

The Bank of England (BoE) has raised interest rates from 1.25% to 1.75%, marking the biggest rise in rates since…

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Jewellers voice concern over rate of inflation

Jewellery retailers have expressed concern over the latest Consumer Price Index (CPI) figures which show headline inflation at 9.1%. Jewellers…

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Almost half of businesses hit with price increases

Approximately half (48%) of businesses currently trading have reported that the prices of materials, goods, or services bought in April…

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Post-Covid UK Footfall recovery worsens

Footfall in UK retail destinations declined by -0.7% last week from the week before, a consequence of drops in footfall…

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UK economy shrinks in March

The UK economy shrunk by 0.1% in March as consumers started to feel the bite of rising energy prices and…

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Cost of living crisis begins to hamper consumer spending

Spending on essential items dropped to 18.1% in April, compared to 17.4% in March, as inflation and rising living costs…

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Footfall drops again in April

Footfall in UK retail destinations dipped once again in April 2022, falling to -15.9%, down from a decline of -15.3%…

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