Chancellor
This coverage examines how the Chancellor of the Exchequer’s policies and fiscal decisions influence the UK retail industry. Retail Sector reports on Budget announcements, tax reforms, business rates, wage policies, and economic measures that affect retailers’ operating costs, investment strategies, and consumer spending power. Coverage includes expert analysis, industry reactions, and commentary on how government policy impacts supply chains, employment, and the broader retail economy. For retail professionals, this category delivers essential insight into the financial and regulatory environment shaping strategic planning and performance across the sector.
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Oct- 2025 -28 OctoberHigh Street
Rates hike threatens 500 big high street outlets, trade bodies warn
UKHospitality and the British Retail Consortium (BRC) have called on the government to exempt hospitality and retail outlets from a proposed business rates surcharge that would apply to 5,000 high street properties with a rateable value above £500,000. The trade bodies warned that around 500 premises could be at risk…
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28 OctoberEconomy
Shop price inflation slows to 1% in October amid retailer discounting
Shop price inflation eased to 1.0% year on year in October, down from 1.4% in September, as competition led to widespread discounting, according to the latest British Retail Consortium (BRC) figures. The rate was marginally below the three-month average of 1.1%. It comes as Non-food prices fell by 0.4% year…
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27 OctoberSupermarkets
Supermarkets urge chancellor to drop new rates surtax
Nine of Britain’s biggest supermarket chains have called on chancellor Rachel Reeves to exclude large retail stores from the government’s proposed business rates surtax, warning it would add pressure to food prices. The letter, organised by the British Retail Consortium (BRC), was signed by the heads of Aldi, Asda, Iceland,…
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24 OctoberEconomy
Retail sales improve as good weather drives clothing sales
UK retail sales rose 0.5% in September as a result of a 1.5% increase in non-store retailing and a 1.2% increase in household goods, according to data from the Office for National Statistics. The rise in total sales in September was the fourth consecutive month of increase as volumes reached…
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24 OctoberEconomy
Consumer confidence edges up as shoppers prepare for Black Friday
Consumer confidence in the UK rose two points to -17 in October, according to the latest GfK Consumer Confidence Barometer, with four measures up and one down compared with September as buying sentiment was lifted by early retail sales events. The monthly survey found that consumers were more positive about…
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22 OctoberEconomy
Inflation holds steady at 3.8% in September
Inflation remained unchanged in September for the third month in a row, as the Consumer Price Index rose by 3.8%, with food prices easing over the period. The September, August and July 2025 figures have been the joint-highest recorded since January 2024, when the rate was 4.0%. Transport made the…
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21 OctoberSupermarkets
M&S chief urges chancellor to reconsider tax policy ahead of Budget
Marks and Spencer chief executive Stuart Machin has urged chancellor Rachel Reeves to “change course” on economic policy ahead of next month’s Budget, warning that persistent tax rises risk trapping the UK in a “doom loop” of weak growth. Writing in The Times, Machin described the government’s fiscal approach as…
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14 OctoberEconomy
Retail sales edge up 2.3% in September as food spending drives growth
UK total retail sales rose by 2.3% year on year in September, up from growth of 2% in September 2024 and above the 12-month average increase of 2.1%, according to the British Retail Consortium (BRC) KPMG Retail Sales Monitor. Food sales increased by 4.3% on the year, compared with 2.3%…
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2 OctoberHigh Street
Reeves set to scale back business rates plans for large retailers
Chancellor Rachel Reeves is reportedly planning to scale back plans to raise business rates on big retailers after warnings it could push up food prices, according to the Financial Times. The news comes after the Treasury had planned to put properties worth more than £500,000 into the highest tax band…
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Sep- 2025 -23 SeptemberHigh Street
BRC warns food inflation could stay above 5% until 2026
The British Retail Consortium (BRC) has warned that food inflation could remain above 5% well into 2026 if the retail industry faces further tax rises in the Autumn Budget. The trade body said around 4,000 large shops could see higher bills under a government proposal to impose a new business…
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