Slower UK Economic Growth in Q3
In a recent report, it has been revealed that the United Kingdom's economic growth rate slowed significantly in the...
consumer spending
SRC Proposes Budget Measures for Retail Recovery in Scotland
In a recent report, the Scottish Retail Consortium (SRC) outlines key suggestions for Scotland's 2022-2023 government budget aimed at...
Strong Consumer Spending Growth Amidst Pandemic Restrictions
In a significant post-pandemic recovery, consumer spending skyrocketed by 7.6% in May compared to the same time last year,...
Covid-19 Accelerates Online Shopping by 5 Years in Just 12 Months
In 2020, nearly half of consumers made online purchases they would have previously made in-store due to Covid-19 restrictions,...
UK Consumer Spending Plummets 16.3% Amid Lockdown Restrictions
In January, consumer spending plummeted 16.3% due to lockdown restrictions and the pandemic, according to Barclaycard's report on UK...
UK Retail Sector Faces Grim Future with 200,000 Job Losses
In a recent study by the Centre for Retail Research, the UK's retail sector is predicted to see 200,000...
UK Consumer Spending Dips in November Amid Lockdown Restrictions
In November, UK consumer spending dropped 2.9% due to 'circuit breaker' lockdown restrictions, but essential items saw a 4.9%...
Black Friday Online Sales Soar Amid Lockdown Challenges
Black Friday online sales are expected to surge by £2 billion this year, reaching £5.8 billion, a 52.9% increase...
Persistent Home Working Could Cost UK GDP £15.3bn Annually, Says PwC Research
New research from PwC reveals that if pandemic levels of home working persist, the UK's GDP could take a...
UK Consumer Spending Dips, but Essentials and VE Day Weekend Boost Numbers
In new data from Barclaycard, consumer spending contracted 26.7% year-on-year in May, with essential item spending growing slightly by...