UK’s Local High Streets Thrive on Support for Small Businesses

  • Record number of attendees supported UK’s seventh annual Small Business Saturday
  • 17.6 million customers shopped on local high streets
  • £800m spent by customers on the day
  • Political leaders showed support for small businesses ahead of General Election
  • Net growth of 200,000 small businesses since 2018
  • 4 million more people shopped small compared to 2018
  • 17 million people employed by small businesses in UK

The seventh annual Small Business Saturday saw a record number of attendees supporting small and independent businesses across the UK. Over 17.6 million customers shopped on local high streets, spending an estimated £800m. Political leaders showed their support ahead of the General Election. With a net growth of 200,000 small businesses since 2018, more heroes than ever were celebrated. This year saw 4 million more people shopping small compared to last year. American Express’s Shop Small campaign aims to encourage year-round support for independent retailers.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the event, its impact on small businesses, and the support from politicians. It includes relevant data and quotes from key figures involved in the event. However, it does not include any sources for the statistics mentioned.
Noise Level: 2
Noise Justification: The article provides relevant information about the success of Small Business Saturday in the UK and its impact on local businesses. It includes quotes from key figures and highlights the importance of supporting small businesses. However, it lacks in-depth analysis or exploration of long-term trends or consequences of decisions.
Financial Relevance: Yes
Financial Markets Impacted: Small and independent businesses in the UK
Financial Rating Justification: The article discusses the impact of Small Business Saturday on local high streets, which involves financial transactions between customers and small businesses, affecting their revenue. It also mentions the estimated £800m spent by customers during the event.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.

Reported publicly: www.retailsector.co.uk