Economy

Government to crack down on violence against shopworkers

The government has vowed to crack down on violence and abuse against shopworkers. In a statement, yesterday the Home Office…

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Usdaw urges chancellor to announce retail recovery plan

Retail trade union Usdaw is calling on the chancellor to announce in Wednesday’s (8 June) economic statement an “urgent recovery…

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Consumer confidence increases in June

GfK’s fourth Covid-19 flash report has revealed Consumer Confidence Index increased by three points to -27 over the past two weeks. Joe…

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Government confirms changes to ‘flexible’ furlough scheme

The UK government has confirmed the latest set of changes to its “flexible” furlough scheme – dubbed CJRS V2 –…

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Revised ONS data reveals greater GDP drop in Q1 2020

The UK’s gross domestic product (GDP) in volume terms fell by 2.2% in Q1 2020, which has been revised downwards…

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Supreme Court rules against Mastercard and Visa in interchange fees battle

Visa and Mastercard could be set to pay billions in compensation to some of the UK’s top retailers following a…

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UK GDP slumps over 20% in April as full impact of Covid-19 is felt

GDP slumped by 20.4% in April 2020, following a fall of 5.8% in March, according to the latest figures from…

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Government extends lockdown for ‘at least’ three more weeks

The government has announced an extension to the coronavirus lockdown for “at least” a further three weeks. The decision was…

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Chancellor extends furlough scheme deadline

Chancellor Rishi Sunak has extended the deadline for the Coronavirus Job Retention Scheme after it was found that many people who had recently changed…

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Banks still failing small retail businesses, says Bira

High street lenders are failing to ‘rise to the challenge’ of supporting small retail businesses during the Covid-19 crisis, according…

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