Economy
Economic conditions have a direct impact on consumer spending, supply chain costs, and trading performance across the UK pet industry. Pet Gazette tracks how inflation, interest rates, labour shortages, and broader macroeconomic pressures affect pet retailers, wholesalers, and brand distributors. Coverage includes commentary on pet sector resilience during downturns, price sensitivity among shoppers, and shifts in demand for premium vs value ranges. We also report on government economic policy, retail footfall data, and financial forecasts relevant to pet businesses navigating changing market conditions.
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Sep- 2020 -18 SeptemberCoronavirus
UK retail sales rise for fourth consecutive month
August saw retail sales volumes increase by 0.8% when compared with July, marking the fourth consecutive month of growth. According to the latest figures from the Office of National Statistics (ONS), this resulted in an increase of 4% when compared with Februaryโs pre-pandemic level of sales. The value of retail…
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10 SeptemberBusiness
Government launches new โbounce backโ plan for retailers
A new series of measures has been announced by the UK Government to support businesses in the consumer and retail industries during the Covid-19 pandemic.ย The plans, announced by Minister for exports Graham Stuart, will offer immediate support to businesses by ensuring specialists provide advice on online retail and international…
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9 SeptemberCoronavirus
PetQuip welcomes support measures for UK trade
PetQuip has welcomed a series of new government measures to help boost exports as UK businesses look to recover from the pandemic. The measures were announced yesterday (8 September) by exports minister, Graham Stuart MP, and are set to offer immediate support to companies by ensuring specialists provide advice on…
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7 SeptemberCoronavirus
Redundancies planned by 60% of mid-sized firms
More than half (60%) of the UKโs medium-sized businesses are planning redundancies as a result of the Governmentโs Coronavirus Job Retention Scheme coming to an end in October, according to new research from accountancy and business advisory firm, BDO. BDOโs monthly Rethinking the Economy survey of 500 medium-sized businesses across…
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7 SeptemberEconomy
GDP to contract ยฃ15.3bn each year if home working persists
Lower consumer spending and a decrease in economic clustering if pandemic levels of home working persist would reduce UK GDP by ยฃ15.3bn every year, according to new research published by PwC. The โBig Fourโ accountancy firm said the hit to consumption is a result of office workers spending fewer days…
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3 SeptemberBusiness
SMEs ‘plagued’ by late payments
UK freelancers and small business owners continue to be plagued by the problem of late payment, according to new research by cloud accounting software company Freeagent. Analysis of over two million invoices sent by FreeAgent customers between January 2019 and June 2020 has revealed the โstartling impactโ of late payment…
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Aug- 2020 -24 AugustEconomy
Record economic growth anticipated for Q3
The UK is reportedly on track for a record economic resurgence during the third quarter of the year, following sharp declines in GDP at the peak of the Covid-19 pandemic in Q2. According to the Financial Times (FT), City of London economists have predicted a 14.3% rise in GDP for…
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21 AugustManufacturers
Hexafly launches range for UK
Hexafly has announced it is launching its Grubs range in the UK, having successfully traded its line of exotic pet food in Ireland.ย It comes as the group has developed โground-breakingโ technology that enables it to breed black soldier flies to produce natural, sustainable products. The resulting grubs are high…
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17 AugustManufacturers
Mackle Petfoods invests ยฃ5.7m amid โmajorโ expansion plans
Dungannon-based pet food manufacturer, Mackle Petfoods has invested ยฃ5.7m and created 31 new jobs in a major expansion plan to โdouble its turnoverโ. The SME is known across Europe for its Naturo range. To support this new project, Invest NI, which has an established relationship with the manufacturer, has offered…
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14 AugustManufacturers
Burns Pet Nutrition celebrates range of national awardsย
Burns Pet Nutrition has welcomed four โprestigiousโ national awards for its business and products.ย The group was notably awarded the first ever Which? Magazine Consumers Association dog food brand survey, when it topped a poll of 2,594 surveyed members. The survey highlighted customerโs favourite pet food brands, ranked by customer…
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