Economy

High street footfall continues to lag behind pre-pandemic levels

Footfall levels remain 23% below pre-pandemic levels in February 2022 as rising costs are reportedly set to “batter” retailers from…

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Footfall rises by 7.8% as weather improves

The second anniversary of the start of the first lockdown in 2020 delivered positive results, with a rise in footfall…

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De Beers unveils ‘advanced’ diamond recovery vessel

The world’s most advanced diamond recovery vessel, the Benguela Gem, has today been officially unveiled in Namibia at an inauguration…

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Spring Statement: Chancellor raises NI threshold to £12,570

The chancellor has outlined a series of measures to help combat the rising cost of living in his latest spring…

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Brazilian exports of metals, precious stones and jewellery soars by 119%

The total volume of Brazilian metals, precious stones, and jewellery exports to the UK in 2021 soared by 119%, rising…

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Bira welcomes sales rise, but warns ‘all is not well’

The British Independent Retailers Association (Bira) has said it is “pleased to see a rise in retail sales”, but warned…

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Consumer confidence falls for second consecutive quarter

The Deloitte Consumer Tracker has revealed UK consumer confidence fell by one percentage point in Q4 2021 to -11%, the…

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Inflation hits 30-year high

Inflation reached 5.4% in December, its highest rate since CPIH stood at 5.1% in May 1992, according to the latest…

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Engagement and wedding rings sales to fall, Ingle and Rhode warns

Ingle and Rhode, a UK ethical jeweller, has forecasted lower sales for both wedding rings and engagement rings at the…

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Chancellor unveils 50% rates discount for Retail, Hospitality and Leisure 

Chancellor Rishi Sunak has unveiled a 50% discount on business rates for the hospitality, retail and leisure sectors (up to…

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