Austerity
This coverage examines the impact of UK government austerity measures on the retail sector, offering insights for professionals managing retail operations, strategy, and workforce planning. It reports on how spending cuts and fiscal policies have influenced consumer behaviour, operational costs, and the viability of retail businesses. The reporting also addresses the broader economic implications, including job losses and store closures, providing context for strategic decision-making in the retail industry.
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Nov- 2025 -26 NovemberEconomy
BUDGET: Income tax bands frozen, minimum wage to increase, NI-exempt pension threshold scrapped
Income tax and NI thresholds will be frozen while the minimum wage will rise by 50p from April 2026, the chancellor Rachel Reeves said in her Autumn Budget statement today.ย Reeves announced a series of tax changes in other areas, including salary-sacrificed NI contributions on pensions, as part of measures to…
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Jun- 2025 -12 JuneEconomy
Retailers welcome ยฃ2bn police boost but urge for more action
Retail trade bodies have welcomed the ยฃ2bn funding boost for police forces in England and Wales, but cautioned that the investment alone will not be enough to tackle rising levels of high street crime. It comes as Rachel Reeves announced in yesterdayโs Spending Review (11 June) that the policeโs spending…
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Mar- 2025 -31 MarchFeatures
Spring Budget 2025: what it means for the retail industry
The UK retail sector has been navigating a volatile economic landscape, with rising operational costs, shifts in consumer spending, and policy changes placing unprecedented pressure on businesses.ย The Spring Budget 2025, delivered by Chancellor Rachel Reeves, was highly anticipated by industry leaders, who had hoped for measures that would alleviate…
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25 MarchFeatures
Why does Games Workshop never lose money?
Games Workshop was founded in 1975 and last posted a loss in 2007. This came after it had licensed the rights to make miniatures and a game using characters and stories from The Lord of The Rings but saw a decline in interest for the franchise. Since that point the…
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Oct- 2024 -25 OctoberNews-In-Brief
Today’s news in brief-25/10/24
Boohoo has countered Frasers Groupโs claims of โstone-wallingโ regarding the latterโs push to install Mike Ashley as Boohooโs CEO. In response to an open letter from Frasers, which accused Boohooโs board of hindering its proposals and expressed dissatisfaction with Boohooโs recent debt refinancing, Boohoo stated that Frasersโ preference for Ashley…
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Apr- 2023 -6 AprilHigh Street
Footfall falls 2.8% in March
March delivered an unexpected shock for retailers as footfall across all UK retail destinations dropped by -2.8% compared with February, according to the latest data from MRI Springboard. Springboard said it is the first month-on-month decline for March since it started publishing data in January 2009, except for 2018 (Beast…
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Nov- 2022 -18 NovemberEconomy
UK consumer confidence rises to -44 in November
The consumer confidence index increased three points in November up to -44, but it still remains close to a historic low according to data from Growth from Knowledge (GFK). The overall index score has been steadily rising since September when it was -49. The score was -47 for October. However,…
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16 NovemberAdvice
Retail faces multiple challenges – A key one is fixing the data layer
As the UK consumer battles rising inflation, interest rates, scary heating bills and even considering back-up generators to avoid potential power cuts, retailers have needed to consistently up their games to maintain customer loyalty. ย On the supply side, the latest uncertainties are an unwelcome addition to the disruption from…
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Oct- 2022 -6 OctoberHigh Street
Footfall slows to +6.8% in September
UK footfall slowed for the third consecutive month and now sits just 6.8% compared with the same period in 202, as the rising cost of living cuts consumer visits according to the latest data from Springboard. Springboard revealed that superficially Septemberโs results suggest that footfall has largelyย been unaffected by…
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Sep- 2022 -1 SeptemberHigh Street
Footfall recovers in August despite cost of living crisis
Footfall has strengthened across UK retail destinations in August 2022 to -13.2% below 2019 compared with -14.2% in July 2022, after it had weakened from -12.3% in June 2022, according to Springboardโs Footfall Monitor.ย The โunexpected turnaroundโ covering the four weeks 31 July to 27 August saw footfall strengthened in…
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