Budget

August sales jump 1% YOY despite weak back to school performance

UK Total retail sales increased by 1.0% year on year in August, against a growth of 4.1% in August 2023,…

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End of tax-free shopping hitting retail hard, warns Kurt Geiger CEO

Kurt Geiger’s CEO has warned that scrapping tax-free shopping for tourists is having a “massively negative effect” on retail in…

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UK wage growth falls to two-year low

Wages excluding bonuses in the UK grew by 5.4% in the three months ended 30 June 2024, the lowest growth…

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Retail sales jump 0.5% in July as clothing performance improves

UK Total retail sales increased by 0.5% year on year in July, against a growth of 1.5% in July 2023,…

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Retail bosses lose confidence in tax-free shopping return

Retail bosses have reportedly warned the government that the decision not to restore tax-free shopping for international tourists will have…

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‘Missed opportunity’ not ending tourist tax says NWEC chief

Dee Corsi, New West End Company (NWEC) chief executive, has called the government’s decision not to end the tourist tax…

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Scottish retailers’ rates bills to rise by £31m, the SRC says

Shops in Scotland will see their annual business rates bills rise by £31m from next week, the Scottish Retail Consortium…

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How can the physical retail sector win its battle to survive?

It is well known that the high street is battling for survival. Insolvency statistics released this month show a 17%…

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Today’s news in brief-7/3/24

The British Retail Consortium (BRC) criticised Chancellor Jeremy Hunt’s Spring Budget, stating that it lacked initiatives to boost investment and…

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Budget will ‘do nothing to turbocharge investment’, says BRC

The British Retail Consortium (BRC) has stated that the latest Budget announcement will “do nothing to turbocharge investment and growth…

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