Office

Wages see highest fall on record amid rising inflation

Regular pay in the UK has fallen by a “record” 3% in the quarter ending June 2022, the steepest decline…

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UK economy contracts 0.1% in second quarter

The UK economy contracted by 0.1% in the second quarter of the year (Apr to June) 2022, according to the…

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Platinum Jubilee sales – a warning of times to come?

The Office of National Statistics (ONS) most recent data revealed that retail sales dropped by 0.1% in June 2022 following…

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Retail sales fall in June despite Platinum Jubilee celebrations

Retail sales dropped by 0.1% in June 2022 following a fall of 0.8% in May 2022 despite the Queen’s Platinum…

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Inflation hits 40-year high at 9.4%

Inflation has hit a new 40-year high with consumer price inflation reaching 9.4% in June, up from 9.1% in May,…

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Footfall drops as heatwave hits UK

Footfall across UK high streets are down -7.3% on last week as the country experiences a heatwave, according to Springboard.…

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Retail sales fall as consumers cut household spending

Retail sales volumes fell by 0.5% in May 2022 according to the latest figures from the Office for National Statistics…

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UK unemployment rate hits almost 50-year low

The UK unemployment rate is close to a 50-year low point, having dropped by 0.2% to 3.8% for February to…

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Less hands make light work: easing impact financial stress on UK retailers

Almost every person in the UK has been affected by the various economic issues currently plaguing post-pandemic pockets. While discretionary…

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Almost half of businesses hit with price increases

Approximately half (48%) of businesses currently trading have reported that the prices of materials, goods, or services bought in April…

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