Real terms
This coverage examines how “real terms” measures — which adjust figures for inflation — impact the UK retail sector, offering insights for executives, managers, and professionals. Reporting includes analysis of sales, wages, costs, and profits in real terms, helping professionals understand true performance, consumer spending power, and operational challenges in the current economic climate.
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Apr- 2022 -7 AprilNews
Asda distribution workers vote for strike action amid sick pay dispute
The GMB Union has announced that thousands of Asda distribution workers have begun an consultative vote on industrial action over proposed cuts to sick pay and a real terms pay cut. It said bosses are trying to “force” through a pay deal which would see workers lose sick pay entitlement…
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Feb- 2022 -22 FebruaryNews
Asda strike looms after thousands turn down pay deal
An Asda strike has “moved closer” after thousands of distribution staff turned down a pay deal, according to the GMB. The supermarket, which has been negotiating with the GMB, the recognised trade union for ALS, made the following offer to colleagues last month. It should be noted this offer was…
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15 FebruaryEconomy
UK labour market sees recovery as unemployment falls to 4.1%
The UK labour market has seen “continuing recovery” as the unemployment rate decreased by 0.2% on the quarter to 4.1%, and employment rates increased by 0.1% in November 2021 to January 2022 to 75.5%. According to the Office for National Statistics (ONS), the ratio of vacancies to every 100 employee…
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Aug- 2021 -24 AugustHigh Street
BPF calls for business rates reform
The British Property Federation (BPF) has called on the government to set out a roadmap to annually revalue business rates in a bid to avoid “crippling” high streets, citing that a business rates reform is “long overdue”. It comes as the government’s Business Rates Revaluations Consultation, proposing to introduce more…
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Oct- 2019 -21 OctoberPeople Moves
Matalan strike suspended after bosses offer new pay deal
A long-running Matalan strike has been called off after bosses made GMB members a new pay offer. More than 500 workers at Matalan’s Northern Distribution Centre based in Knowsley, Merseyside, had been on strike after management made a pay offer which GMB said amounted to a “real terms pay cut”.…
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Aug- 2019 -5 AugustSupermarkets
Asda staff to protest over ‘punitive’ contracts
Workers at Asda are set to protest over new contracts which have been deemed as “punitive” by trade union GMB Union. The Union, who represent the supermarket employees, has arranged a protest which will take place in Leeds on 14 August against the contract six proposals. The contract will see…
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Feb- 2019 -28 FebruaryHigh Street
Shop workers face highest risk of redundancy, report finds
Retail workers are more likely to be made redundant and face a longer duration of unemployment compared with employees in other sectors, a new report has found. The report – ‘Sorry, we’re closed’ – by the think tank the Resolution Foundation found the retail sector’s falling employment share is a…
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Feb- 2018 -28 FebruaryEconomy
Pressures on shop prices ease
February shop price deflation deepened to 0.8% in February 2018 compared 0.5% with the previous month. According the British Retail Consortium deflation in non-food prices deepened in February, with prices decreasing at a rate of 2.2% compared to January when prices declined by 1.9%. This was the deepest deflation since…
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