Economy

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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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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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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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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UK footfall bounces back by 6.6% due to Mother’s Day weekend

MRI Software announced that the lead up to Mother’s Day and the peak Easter trading period significantly boosted week-on-week footfall…

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Chancellor cuts NI by a further 2p as part of Spring Budget

Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April,…

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Retail sales jump 3.4% giving optimism despite recession

Retail sales in the UK jumped 3.4% in January 2024 after falling 3.2% in December, according to data from the…

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