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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Feb- 2025 -11 February
Retail sales increase 2.6% despite ‘stormy’ January
UK total retail sales increased by 2.6% year-on-year in January, against a growth of 1.2% in January 2024, as consumer…
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6 February
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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Jan- 2025 -28 January
January sales see shop price deflation hit 0 .7%
January sales helped shop price deflation reach 0.7% in January, above deflation of 1.0% in the previous month, as retailers…
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24 January
Consumer confidence drops five points in January
Consumer confidence decreased by five points to -22 in January, GfK’s latest Consumer Confidence Index has revealed. According to the…
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17 January
Retail sales unexpectedly fall amid ‘poor’ supermarket sales
Retail sales fell 0.3% in December according to the latest figures from the Office for National Statistics. It follows a…
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16 January
UK economy narrowly returns to growth in November
The UK economy narrowly returned to growth in November as real gross domestic product (GDP) increased 0.1%, largely because of…
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15 January
NI increase will force retailers to raise prices, BRC warns
The British Retail Consortium (BRC) has warned that the National Insurance Increase, set to come into place this April, will…
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15 January
Inflation unexpectedly falls to 2.5% in December
The rate of Consumer Price Index inflation unexpectedly fell one percentage point to 2.5% in December, dipping for the first…
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9 January
BRC warns of 2025 headwinds despite lower Xmas inflation
Consumers benefited from lower inflation for the week to 7 December 2024, according to the latest BRC-Nielsen IQ Shop Price…
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2 January
Retail lost close to 13,500 stores in 2024, study finds
Nearly 13,500 shops shut for good in 2024, according to data from the Centre for Retail Research. This is a…
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