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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Apr- 2025 -24 April
Trumps trade war rocks consumer confidence, BRC finds
Consumer expectations in the UK dropped significantly to -48 in April, down from -35 in March, according to the latest…
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16 April
Inflation falls more than expected to 2.6% in March
Inflation has fallen more than expected to 2.6% in the 12 months to March 2025, down from the 2.8% rise…
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15 April
UK sales increase 1.1% in March thanks to good weather boost
UK Total retail sales increased by 1.1% year on year in March, against a growth of 3.5% in March 2024,…
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11 April
UK economy grows 0.5% in Feb
The UK economy grew by an unexpected 0.5% in February as manufacturing, retail and the services sector all helped contribute…
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11 April
Footfall sees sharp 5.4% drop in March due to late Easter
Total year-on-year footfall in the UK dropped sharply by 5.4% in March, up from a 0.2% fall in February, according…
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7 April
Trump calls tariffs ‘medicine’ amid market turmoil
US president Donald Trump has called his newly-announced tariffs “medicine” as he showed no signs of reversing them. Speaking to…
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1 April
Retailers face £5.6bn rise in costs as Budget comes into play
New research by Retail Economics, along with frontline specialist Yoobic, has found that retailers face a £5.56bn rise in costs…
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1 April
Retailers refrain from price rises despite looming costs, BRC finds
Retailers did not resort to price rises throughout March, according to the latest BRC-NIQ Shop Price Index, despite rising cost…
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Mar- 2025 -28 March
Clothing and household goods help boost retail sales 1% in Feb
Retail sales rose by 1% in February, thanks to a strong performance in non-food stores such as clothing, household goods…
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26 March
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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