Liz Truss
This coverage explores how Liz Trussโs policies, statements, and actions have influenced the UK retail sector, offering insights for executives, managers, and industry professionals. Reporting includes analysis of economic policy, business rates, trade agreements, employment regulation, and government initiatives that have affected retail operations, strategy, and market conditions during and after her tenure.
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Jun- 2025 -5 JuneEconomy
Consumer confidence hasn’t recovered since Brexit vote, Barclays finds
Consumer confidence reached its highest point in the past 10 years in September 2016, at 48%, just after the Brexit referendum, according to Barclaysโ โ10 Years of Spendโ report. Barclays has been tracking consumer confidence monthly since 2015 and also surveyed 2000 people in the UK for the report, which…
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Oct- 2022 -24 OctoberGovernment
Rishi Sunak to become next PM
Rishi Sunak is set to become the next leader of the Conservative party and the UK prime minister after becoming the sole candidate to surpass the threshold of 100 votes. Penny Mordaunt announced she was withdrawing from the race only minutes before the nominations deadline at 14:00 BST today (24…
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20 OctoberGovernment
Liz Truss steps down as prime minister
Liz Truss has announced that she is standing as prime minister after a turbulent week for the government, just six weeks after taking up the premiership. The statement of her resignation was made at 13:30pm today (20 October) following a meeting between Truss and Sir Graham Brady, chairman of the…
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Sep- 2022 -23 SeptemberHigh Street
Consumer confidence plummets to record low in September
UK consumer confidence has plummeted to a record low of -49% in September, the lowest since 1974, according to the latest research from GfK. It comes amid the cost of living crisis as households struggle with soaring energy bills and inflation. Four measures were down in comparison to the 19…
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21 SeptemberGovernment
Business energy bills to be capped under new gov scheme
The government has unveiled a new plan that is set to cap wholesale energy bills for businesses for an initial six-month period from 1 October.ย The Government Energy Bill Relief Scheme, unveiled today (21 September) by business secretary Jacob Rees-Mogg, will reportedly bring support for households, businesses and public sector…
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13 SeptemberAnalysis
Retailersโ demands of the new PM
Liz Truss is fresh in her new role as prime minister with enough enthusiasm to tweet, โitโs time to deliver for the people of the United Kingdomโ, but while the new Tory leader was yet to be decided, business owners were left with fears that their upcoming winter troubles would…
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8 SeptemberEconomy
Energy bills to be capped at ยฃ2,500 a year from October
Prime minister Liz Truss has announced today that energy bills for typical households will be capped at ยฃ2,500 annually for their gas and electricity bills from the start of this coming October. The news comes as her first major policy announcement, and according to Sky News, the new price guarantee…
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6 SeptemberGovernment
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 โstrong leadershipโ amid the deepening cost-of-living crisis, as she succeeds the role of prime minister today (6 September). The British Retail Consortium (BRC) said that while the retail industry is ready to work with the new…
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5 SeptemberSupermarkets
Iceland boss halts store openings amid cost-of-living crisis
Iceland has reportedly contacted No 10 directly with a plea to prepare an โimmediate and radicalโ cost-of-living package, according to The Guardian, as the retailer has been forced to stall the openings of new stores in light of the rise in energy costs. The news comes as the proportion of…
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2 SeptemberGovernment
Zahawi draws up multi-billion pound tax cut package for businesses
Chancellor Nadhim Zahawi has reportedly drawn up plans for a multi-billion pound tax cut package to help businesses amid rising energy costs. According to The Times, the chancellor said the government could โlearn a lessonโ from the pandemic by introducing targeted reductions in VAT and business rates to help both…
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