BRC Warns of Upcoming Spending Squeeze and Falling Public Confidence in Economy
In a recent survey by the British Retail Consumer, spending intentions dropped 6 points, indicating a potential January spending...
economy
Weak Consumer Confidence and Retail Challenges Before Christmas
In the run-up to Christmas, consumer confidence remains weak, according to the British Retail Consortium (BRC)-Opinium Consumer Sentiment Monitor....
UK General Election Set for July 4 Amid Inflation Drop
Prime Minister Rishi Sunak announces a general election on July 4th, with parliament dissolving next week. Labour leads by...
Consumer Confidence Improves in April
Lead: Good news for the economy as consumer confidence sees a slight uptick after three months of decline. Who:...
Royal Mail’s Proposal to Reduce Second-Class Post Deliveries Raises Concerns
Lead: Small businesses and workers are raising alarms over Royal Mail's proposal to cut second-class post deliveries, warning of...
Shoppers Drive UK Economy Growth in January
**Lead:** The UK's GDP rose by 0.2% in January, rebounding from a 0.1% decline in December, driven by increased...
M&S Boss Criticises Business Rates Revaluation
**Lead:** A business rate revaluation labeled "economically illiterate" by Machin on LinkedIn sparks concerns about the impact on retailers...
Footfall Rises Amidst Cost-of-Living Crisis: A Delicate UK Economy
In 2023, footfall increased by 3.3% despite the cost of living crisis, showing consumers adapted by spreading costs and...
Fortnum and Mason CEO Calls for Scrapping Tourist Tax to Boost UK Economy
Fortnum and Mason CEO Tom Athron urges the government to scrap the tourist tax or risk losing sales revenue...
UK Chancellor Announces Tax and Spending Cuts to Stabilize Economy
Chancellor Jeremy Hunt unveils £55bn tax cuts and spending reductions to stabilize the UK economy and reduce inflation, with...