Bank of England
This coverage analyses the Bank of Englandโs decisions and policies and their impact on the UK retail sector, focusing on interest rates, inflation, consumer spending, and economic forecasts. Reporting provides context on how monetary policy shapes retail performance, costs, and demand โ offering insight for executives, managers, and professionals making strategic decisions in a shifting economic environment.
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Nov- 2021 -11 NovemberEconomy
UK recovery slows to 1.3% in Q3
UK economic growth slowed to 1.3% in Q3, down from 5.5% in the second quarter of the year. According to the latest figures from the Office of National Statistics (ONS), the level of quarterly GDP is now 2.1% below where it was before the coronavirus pandemic at Quarter 4 (Oct…
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Oct- 2021 -20 OctoberEconomy
UK Inflation falls to 3.1% despite rising fuel costs
UK inflation fell slightly in September to 3.1% despite rising fuel costs, according to the latest figures from the Office of National Statistics (ONS). The figure is down from 3.2% in August but still remains much higher than the Bank of Englandโs target of 2%. The largest upward contribution to…
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Aug- 2021 -18 AugustEconomy
Inflation slows to 2% in July
Inflation slowed to 2% in July down from 2.5% the previous month, according to the latest figures from the Office of National Statistics (ONS). It found that clothing and footwear, and a variety of recreational goods and services made the largest downward contributions to the change, with inflation now hitting…
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Jun- 2021 -16 JuneEconomy
UK inflation hits 2.1% as clothing prices rise
Inflation in the UK rose to 2.1% in May, up from 1.5% in April, according to the latest figures from the Office for National Statistics (ONS). This increase has been fuelled by an increase in consumer spending as the British public comes out of lockdown. Meanwhile, clothing prices jumped by…
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Apr- 2021 -23 AprilAdvice
Getting ready for the post-covid retail boom
From being in the grip of the second wave in a bleak mid-Winter two months ago with so much uncertainty and anxiety there really has been a remarkable turnaround due to the determination of all to fix this situation. A majority of the population have been vaccinated and sunnier days…
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21 AprilNews
UK inflation rises to 0.7% in March
Rising fuel, clothing and transport helped UK inflation rise to 0.7% in the 12 months to March, up from 0.4% recorded in February. The latest figures from the Office for National Statistics (ONS) revealed that the largest upward contribution to the CPIH 12-month inflation rate came from transport (0.44 percentage…
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Feb- 2021 -15 FebruaryClothing & Shoes
Burberry to repay ยฃ6m in business rates relief
Burberry has voluntarily agreed to repay around ยฃ6m in business support to the Treasury, following the business rates holiday designed to help businesses navigate through the impact of the pandemic.ย According to the Sunday Times, the retailer has also repaid a ยฃ300m loan from the Bank of England, in a…
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12 FebruaryEconomy
UK suffers record 9.9% GDP slump
GDP declined by 9.9% in 2020, a figure which is more than double of what was recorded in 2009 after the UKโs financial crisis.ย According to the ONS, the fall was largely due to restrictions which were in place for most of the year, forcing the economy to operate at…
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5 FebruaryCoronavirus
Bank of England holds rates, predicts strong vaccine rebound
The Bank of England (BoE) has predicted an economic rebound in the spring led by a successful vaccine rollout, after revealing it will be holding interest rates at 0.1%. The news comes as the BoE predicts that GDP is expected to fall by around 4% in the first quarter of…
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Jan- 2021 -22 JanuaryDepartment Stores
John Lewis repays ยฃ300m to the Treasury early
John Lewis has announced it has repaid ยฃ300m early to the Treasury and the Bank of England Covid Corporate Financing Facility, which was due for repayment on 15 March 2021. The retailer was hit heavily by the impact of Covid-19 and store closures for several months, however the Partnership believes…
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