CBI

UK economy stagnates in three months to September

UK gross domestic product (GDP) is estimated to have stagnated during the third quarter of the year as uncertainty ahead…

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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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Inflation hits 40-year high

UK inflation has hit its highest level in 40 years during the month of April, driven by the rising cost…

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Retail responds to ‘underwhelming’ Spring Statement

Both Bira and CBI have expressed disappointment in the chancellor’s Spring Statement, with Bira having declared it is “underwhelmed with…

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BoE raises interest rates to 0.5%

The Bank of England (BoE) has raised interest rates for the second time in three months to 0.5%, up from…

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Energy price cap to rise 54% from April

Retail bosses are braced for a spending squeeze after it was revealed the energy price cap is set to increase…

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Inflation hits 30-year high

Inflation reached 5.4% in December, its highest rate since CPIH stood at 5.1% in May 1992, according to the latest…

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UK economy surpassed pre-Covid levels in November

Gross domestic product (GDP) has surpassed its pre-pandemic level for the first time as it grew by 0.9% in November…

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December retail sales slow amid Omicron impact, CBI warns

Retail sales growth slowed in the year-to-December to 8%, down from 39% last month, as the impact of the Omicron…

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Over 40 employee groups pen letter urging Sunak to cut business rates

The CBI, along with 41 trade associations spanning the UK economy, have issued a joint statement urging the chancellor Rishi…

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