Budget

Consumer confidence hasn’t recovered since Brexit vote, Barclays finds

Consumer confidence reached its highest point in the past 10 years in September 2016, at 48%, just after the Brexit…

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UK economy grows by more than expected 0.7% in Q1

The UK economy performed better than expected in the first quarter of the year, with GDP growing by 0.7% between…

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A Lidl bit more: Why is Lidl investing in expansion?

On 28 April Lidl announced that it is going to invest £500m in store expansion, aiming to open more than…

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Why is Hilco Capital looking to acquire Lakeland?

British retail is no stranger to seeing a heritage brand acquired by a private equity firm. The latest name on…

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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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Entry-level job costs jump over 10% for retailers

The cost of employing people into entry-level jobs has increased over 10% for retailers as a result of the rise…

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Nearly half of all retail staff worked while unwell last year

Nearly half (46%) of retail staff worked while unwell at the end of last year, which is 5% higher than…

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Today’s news in brief-1/4/25

Retailers are bracing for a £5.56bn rise in costs following the implementation of recent Budget measures, including higher National Insurance…

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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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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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