UK Government
This coverage examines UK Government policies, decisions, and initiatives that impact the retail industry. Reporting includes legislation, economic measures, consultations, and regulatory changes affecting operations, employment, taxation, and sustainability in the sector. Retail executives, managers, and policy specialists can use this analysis to understand how government actions shape the business environment and influence strategic planning.
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Mar- 2022 -17 MarchEconomy
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 the effect of the rising costs of living and the impact that the conflict in Ukraine is having on the global economy. The Monetary Policy Committee (MPC) voted with a…
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Feb- 2022 -14 FebruaryNews
Employers set to award record pay rises in 2022
Employers have reported that the median basic pay increase in their organisation (excluding bonuses) in the 12 months to December 2022 will be 3%, the highest figure recorded in the last 10 years of the Chartered Institute of Personnel and Development’s (CIPD) reporting. The CIPD’s latest quarterly Labour Market Outlook,…
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Dec- 2021 -3 DecemberDIY
Wickes ups profit guidance amid ‘strong’ Q4 sales
Wickes has increased its full-year earnings expectations after a “strong” fourth-quarter trading period, with profit expected to be no less than £83m. It revealed the firm has “benefitted” from its “balanced business model”, with sales in line with expectations. Delivered sales in Do It For Me (DIFM) are “strengthening” as…
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Nov- 2021 -15 NovemberSupply Chain
Supply chain issues to last until 2023, APB warns
Supply chain issues could continue into 2023, the chief executive of the Association of British Ports (APB) has warned. According to the Sunday Times, APB CEO Henrik Pedersen, said he would be “pleasantly surprised” if the supply chain crisis was resolved before the end of next year, citing the fact…
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10 NovemberSupermarkets
Retail and Hospitality leaders sign UK soy manifesto
UK industry leaders from 27 major businesses, including all of the biggest UK grocery retailers – Tesco, Asda, Sainsbury’s, Waitrose, Marks and Spencer and Iceland – and a group of restaurant brands have signed the UK soy manifesto. This commits them to cutting deforestation and habitat destruction out of UK…
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3 NovemberClothing & Shoes
Depop confirms climate neutral status
Depop has announced it has been certified as a climate neutral company for the first time by climate solutions provider South Pole. The company said this “confirms that the company has successfully offset all material sources of scope 1-3 greenhouse gas emissions”. Depop has been retroactively offsetting greenhouse gas emissions…
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Oct- 2021 -19 OctoberDIY
IKEA UK joins sustainability partnership
IKEA UK has announced a new partnership with climate solutions charity, Ashden, for the ‘Let’s Go Zero initiative’, a coalition campaign which aims to support UK schools’ efforts to reduce their emissions and calls for government action on greening schools. The campaign will see IKEA UK help to target zero…
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11 OctoberGovernment
PM appoints ex-Tesco CEO Dave Lewis as supply chain adviser
The prime minister has appointed Sir David Lewis, former CEO of Tesco, as the UK Government’s supply chain adviser. The government said Lewis brings with him a “wealth of industry knowledge” and expertise to the new role. He will advise the PM and chancellor of the Duchy of Lancaster on…
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Aug- 2021 -25 AugustHR
UK must follow Scottish example to protect retail workers, says BRC
The British Retail Consortium (BRC) has called upon the UK Government to follow Scottish Parliament in implementing legislation that will better protect retail workers. The new Protection of Workers (Retail and Age-restricted Goods and Services) Act 2021 was unanimously passed in Holyrood, and came into effect on 24 August. Its…
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Apr- 2021 -29 AprilClothing & Shoes
Asos calls for new law to strengthen Modern Slavery Act
Asos has called for the implementation of a new mandatory human rights due diligence legislation in the UK in order to strengthen the 2015 Modern Slavery Act. The legislation, which is currently being developed by the European Commission for the EU, would help ensure that UK companies take steps to…
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