Economy
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Jun- 2024 -20 June
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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10 June
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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4 June
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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May- 2024 -28 May
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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24 May
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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Mar- 2024 -15 March
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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11 March
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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6 March
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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Feb- 2024 -16 February
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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Jan- 2024 -4 January
Festive shopping boosts footfall 6.1% in December
Footfall across UK retail destinations rose by +6.1% from November to December as poor weather conditions, rail disruption and the…
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