Economy

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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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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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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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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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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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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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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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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