Economic Growth
This coverage reviews UK economic growth trends and their impact on the retail sector, focusing on consumer spending, GDP indicators, inflation, and regional performance. Reporting examines how macroeconomic shifts shape retail investment, pricing strategies, and store expansion decisions—offering insights for retail executives, CFOs, and business leaders navigating market cycles and strategic planning.
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Nov- 2025 -24 NovemberGovernment
Reeves to delay end of low-value import tax break until 2029
Britain will scrap the long-standing tax exemption on low-value imports in 2029, delaying a move sought by major retailers who say the current regime hands an advantage to fast-growing overseas platforms, The Times has reported. It comes as the Treasury has confirmed it will abolish the “de minimis” rule –…
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13 NovemberEconomy
UK economy slows to 0.1% in third quarter
The UK’s economic growth slowed to 0.1% in the third quarter, falling short of expectations from City analysts and the Bank of England (BoE). The Office for National Statistics said monthly output slipped 0.1% in September, with earlier figures for July and August revised down. The data arrives ahead of…
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6 NovemberEconomy
BoE holds interest rates at 4% ahead of Budget
The Bank of England (BoE) has voted to keep interest rates steady at 4% ahead of the upcoming Budget announcement on 26 November. The bank’s Monetary Policy Committee (MPC) voted by a majority of five to four to maintain the rate, with four members voting to reduce it by 0.25…
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Oct- 2025 -23 OctoberEconomy
Usdaw welcomes 6.7% rise in real Living Wage
Retail trade union Usdaw has welcomed a 6.7% increase in the real Living Wage, describing it as “a welcome boost for the lowest-paid workers”. It comes as the Living Wage Foundation announced yesterday (22 October) that the new rates will rise to £13.45 per hour across the UK and £14.80…
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17 OctoberDIY
Ikea UK FY sales fall 2.1% to £2.25bn despite strong final quarter
Ikea UK has reported retail sales of £2.25bn for the 2025 financial year, a 2.1% decrease on the previous year’s £2.30bn. The retailer said the performance comes despite seeing sales strengthen in the final quarter, rising 3.3%, with the trend continuing into September 2025. Ikea added that amid limited national…
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Sep- 2025 -18 SeptemberHigh Street
Next CEO warns UK economy faces ‘anaemic growth’ despite HY profit uplift
Next has revealed that its profit-before-tax rose 13.8% to £515m for the half year ended July 2025 as its CEO warned that the UK is facing “anemic growth”. It comes as the group’s revenues rose 10.3% to £3.25bn, helped by favourable weather and business gained during the M&S cyber attack…
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Aug- 2025 -27 AugustSupermarkets
Lidl invests £435m in warehouses network
Lidl GB has completed a major expansion of its Belvedere warehouse in London and begun work on a new site in Leeds, as part of wider plans to grow its UK store network. The discount supermarket has invested £285m in a two-stage development at Belvedere. The first phase, costing £160m,…
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13 AugustEconomy
Number of retail job vacancies lower than pre-pandemic, ONS finds
The number of job vacancies in the wholesale and retail trade; repair of motor vehicles and motor cycles category fell by 10,000 in Q2, the highest volume decrease of any category, according to data from the Office for National Statistics (ONS). This category also has 37,000 fewer vacancies than its…
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7 AugustEconomy
BoE cuts interest rates to 4%
The Bank of England (BoE) has cut interest rates to 4%, down from the previous rate of 4.25%, marking the fifth rate cut since last year’s peak of 5.25%. At its meeting today (7 August), the bank’s monetary policy committee (MPC) voted by a majority of 5 to 4 to…
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Jul- 2025 -16 JulySupermarkets
Sainsbury’s boss hails government food security plan
Sainsbury’s CEO Simon Roberts has welcomed the government’s Good Food Cycle plan which aims to build a “thriving food sector”. The government has described the plan as “a recipe aimed at driving a generational change in the nation’s relationship with food”. The new initiative focuses on ten priority outcomes which…
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