CBI
This coverage explores the Confederation of British Industry’s (CBI) influence on the UK retail sector, focusing on policy advocacy, economic forecasts, regulatory consultations, and business sentiment. Reporting highlights how CBI initiatives and commentary shape retail strategies, workforce planning, and investment decisions — offering insights for retail executives, managers, and professionals navigating policy and economic developments.
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Jul- 2024 -5 JulyGovernment
Time for Starmer to ‘get down to business’, says BRC
The British Retail Consortium (BRC) has stated that it is time for Keir Starmer and the Labour Party to “get down to business” after he emerged victorious in the general election. BRC chair Helen Dickinson stated that the organisation now awaits details of how Starmer will take his promises forward.…
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Jun- 2024 -21 JuneEconomy
UK retail sales jump 2.9% in May
UK retail sales volumes rose by 2.9% in May 2024, following a fall of 1.8% in April 2024, according to the Office for National Statistics (ONS). Sales volumes rose across most sectors, with clothing retailers and furniture stores rebounding following poor weather in April. More broadly, sales volumes rose by…
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12 JuneEconomy
Economy stalls in April due to wet weather
The UK economy stalled in April showing no growth as wet weather dampened consumer spending, according to the latest figures from the Office for National Statistics. Monthly real gross domestic product (GDP) is estimated to have shown no growth in April 2024, following growth of 0.4% in March 2024. It…
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May- 2024 -29 MayNews
Today’s news in brief-29/5/24
Retail sales in the UK have seen their fastest growth since December 2022, according to the CBI Distributive Trades Survey. Sales volumes jumped by 8% in May, even as selling price inflation eased significantly to its lowest since August 2020, falling from 54% in February to 20%. Despite this improvement,…
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29 MayEconomy
Retail sales recover as inflation slows, CBI finds
Retail sales grew at their fastest pace since December 2022 in the year to May, as sales volumes jumped 8% to -44%, according to the latest CBI Distributive Trades Survey. Furthermore, the CBI said it comes as selling price inflation in the retail sector “eased considerably” in May, from 20%…
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Nov- 2023 -23 NovemberNews
Today’s news in brief-23/11/23
The British Retail Consortium (BRC) has criticised the chancellor, accusing him of neglecting larger businesses in his Autumn Statement. While the business rates multiplier for small businesses was frozen, larger ones received no relief. The decision to increase the business rates standard multiplier has drawn sharp criticism, with BRC’s CEO,…
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23 NovemberGovernment
BRC accuses Hunt of ‘selling out’ retailers and customers
The British Retail Consortium (BRC) has accused the chancellor of selling out retailers and customers in his Autumn Statement delivered yesterday (22 November). In the budget Hunt froze the business rates multiplier for small businesses but offered nothing to larger ones. He also increased the National Living Wage to £11.44…
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21 NovemberNews
Businesses call to freeze Northern Ireland rate
A diverse range of business organisations have united to call on the leaders of the local political parties to support their call for the regional rate in Northern Ireland to be frozen. The director of the Northern Ireland Retail Consortium, Neil Johnston led the appeal and has been supported by…
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10 NovemberNews
Today’s news in brief-10/11/23
The Office for National Statistics (ONS) has reported that the UK GDP showed no growth in Q3 2023, in contrast to a 0.2% increase in the previous quarter. Year-on-year, GDP increased by 0.6% in Q3. The services sector saw a 0.1% fall, offset by a 0.1% increase in construction output…
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10 NovemberEconomy
UK economy stagnates in Q3
UK GDP has shown no growth in July-September (Q3) compared with an increase of 0.2% in the previous quarter, according to the latest data from the Office for National Statistics (ONS). Compared with the same quarter a year ago, GDP is estimated to have increased by 0.6% in Q3 2023.…
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