Economic Growth

Trade bodies urge Govt to reform ‘broken’ apprenticeship levy

Four trade bodies within UK retail and hospitality, including the BRC, have called on the government to reform the “broken”…

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Next Boss urges gov to allow more overseas workers

Next CEO Simon Wolfson has urged the government to allow more overseas workers into the UK on account of the…

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Chancellor announces sweeping tax cuts in first mini-budget

Chancellor Kwasi Kwarteng has today (23 September) announced a ream of tax cuts alongside a £60bn energy support package as…

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UK workers face £2,000 hit to real wages

UK workers are facing a £2,000 hit to their real wages by the end of 2022 as the UK economy…

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Retailers call for strong leadership and high street support from new PM

The retail industry has urged Liz Truss to work alongside the sector and provide “strong leadership” amid the deepening cost-of-living…

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The business pledges of the Conservative leadership finalists

Business Rates On 9 August, the Retail Jobs Alliance, a coalition of retailers including Morrisons, Greggs and Tesco, called on…

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Investor support for Sainsbury’s real living wage mounts

A group of investors have put their support behind a shareholder resolution that could see all Sainsbury’s employees secure the…

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UK economic growth slows in February to 0.1%

Gross domestic product (GDP) slowed in the UK as the economy only saw 0.1% growth in February, down from a…

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Retail industry responds to ‘underwhelming’ Spring Statement

Both Bira and CBI have expressed disappointment in the chancellor’s Spring Statement, with Bira having declared it is “underwhelmed with…

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BoE raises interest rates to 0.75%

The Bank of England has raised interest rates back to the pre-pandemic level of 0.75% as it tries to mitigate…

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