Economy

Total footfall was down 2.2% in 2024

Total UK footfall in 2024 was down 2.2% compared with 2023 according to data from the British Retail Consortium (BRC).…

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Footfall rises ahead of Christmas but remains lower than 2023 levels

Footfall rose for the second consecutive week last week across all UK retail destinations with retail parks and shopping centres…

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BRC warns of ‘spending squeeze’ in January

The British Retail Consortium has warned of a January spending squeeze, as BRC-Opinium data between 10 and 13 December showed…

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BoE holds interest rates at 4.75%

The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation…

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UK retail sales dip 3.3% in November

UK total retail sales decreased by 3.3% year on year in November, against a growth of 2.6% in November 2023,…

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UK economy stagnates in three months to September

UK gross domestic product (GDP) is estimated to have stagnated during the third quarter of the year as uncertainty ahead…

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Bank of England cuts interest rates to 4.75%

The Bank of England has cut interest rates for the second time this year, with rates now cut to 4.75%.…

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Budget: Increases to employers’ NI and minimum wage

The Chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn…

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BoE holds interest rates at 5%

The Bank of England (BoE) has decided to hold interest rates at 5% this month, having lowered them for the…

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Retail sales jump 0.5% in July

UK Total retail sales increased by 0.5% year on year in July, against a growth of 1.5% in July 2023,…

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