Economy

Usdaw urges chancellor to announce retail recovery plan

Retail trade union Usdaw is calling on the chancellor to announce in Wednesday’s (8 June) economic statement an “urgent recovery…

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Consumer confidence increases in June

GfK’s fourth Covid-19 flash report has revealed Consumer Confidence Index increased by three points to -27 over the past two weeks. Joe…

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Revised ONS data reveals greater GDP drop in Q1 2020

The UK’s gross domestic product (GDP) in volume terms fell by 2.2% in Q1 2020, which has been revised downwards…

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Reopening is ‘no magic bullet’ for retail, says BRC

Reopening is “no magic bullet” for retail, the British Retail Consortium has warned despite UK footfall improving since lockdown restrictions were lifted…

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Google UK launches support package for small UK businesses

Google UK has pledged to support small businesses across the country with a new package of products, tools and services…

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Chancellor mulls VAT cut and could follow up with autumn tax rises

Chancellor Rishi Sunak is reportedly considering cutting VAT in order to help stimulate the economy but could follow the move up with…

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92% of shopworkers oppose longer Sunday working hours, says Usdaw

Some 92% of retail staff in England have opposed large shops opening for more than six hours on a Sunday,…

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Usdaw urges public to ‘respect shopworkers’ as shops are allowed to reopen

Shopworkers union Usdaw has urged customers to respect staff and employers to ensure safety in stores, as shops are allowed to reopen…

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UK GDP slumps over 20% in April as full impact of Covid-19 is felt

GDP slumped by 20.4% in April 2020, following a fall of 5.8% in March, according to the latest figures from…

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UK GDP expected to decline 7.2% in 2020 amid ongoing pandemic

The continuing impact of the Covid-19 virus is expected to see the UK economy contract by 7.2% in 2020, with…

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