Economy
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Aug- 2024 -1 August
BoE cuts interest rates for first time in 4 years
The Bank of England (BoE) has cut interest rates for the first time in four years, with the rate falling…
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Jul- 2024 -24 July
Global pet industry to grow to $500bn in revenue by 2030, BI finds
The global pet industry will expand by more than 45% over the next six years, surpassing $500bn (£386.8bn) by 2030,…
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5 July
Taylor Swift and Euros boost footfall amid damp June
Taylor Swift’s UK tour and the Euros helped strengthen footfall during a very wet June as total UK footfall decreased…
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Jun- 2024 -21 June
UK retail sales rose 2.9% in May
UK retail sales volumes rose by 2.9% in May 2024, following a fall of 1.8% in April 2024, according to…
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20 June
BoE holds interest rates for 7th consecutive month
Interest rates have remained unchanged at 5.25% for the seventh consecutive month, the Bank of England has announced. The bank’s…
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10 June
Labour vows to overhaul business rates system
The Labour party has vowed to overhaul the current business rates system should it be victorious in the general election.…
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4 June
UK sales slightly increase by 0.7% in May
UK total retail sales increased by 0.7% year on year in May, against a growth of 3.9% in May 2023.…
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May- 2024 -28 May
Shop price inflation returns to ‘normal levels’, BRC says
Shop price annual inflation eased from 0.8% in April to 0.6% in May, according to the British Retail Consortium’s (BRC)…
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24 May
Retail sales slump 2.3% in April amid wet weather
Retail sales fell by 2.3% in volume over April, following a fall of 0.2% in March, as the retail sector…
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Mar- 2024 -15 March
High street faces ‘unprecedented challenge’ says BIRA
The British Independent Retailers Association (BIRA) has said that the UK High Street is facing “unprecedented challenges” following the release…
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