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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Jan- 2018 -17 JanuaryCurrent Affairs
Inflation drops for the first time in 6 months
The inflation rate saw a slight dip in December, falling to 3%, according to figures released by the Office of National Statistics (ONS). The level of inflation, according to Consumer Price Index (CPI), was less than Novemberโs rate of 3.1%, which was at its highest for six years. The high…
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Dec- 2017 -21 DecemberCurrent Affairs
Pet food company recognised in top 30
OSCAR Pet Foods has been recognised as one of the top 30 UK franchise companies, according toย The Elite Franchise 100. โFor Elite Franchise to set up a league table which acknowledges a deserving industry that contributes ยฃ15.1 billion a year to the British economy and employs 621,000 people (bfa NatWest…
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Nov- 2017 -27 NovemberFeatures
How safe is your job?
Despite a three percent drop in employment, Pet Gazette discovers that the retail sector is still going strong โThe pace of job reductions in the retail industry is gathering steam,โ says British Retail Consortium (BRC) chief executive Helen Dickinson OBE. In October, the BRC reported a record reduction in retail…
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8 NovemberCurrent Affairs
Household finances slow UK spending growth
Consumer spending growth slowed to 2.4 percent in October as Brits cut back across the board to cope with household finances. Data from Barclaycard reveals that spending on essentials (2.9 percent) outstripped discretionary spend growth (2.2 percent) for the second month running. This slowdown in expenditure on โnice-to-havesโ was driven…
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3 NovemberCurrent Affairs
Animal heath professionals debate post-Brexit future
The National Office of Animal Healthโs (NOAH’s) conference on 1 November in Westminster brought together more than 100 delegates to discuss and debate the future of animal health, as Brexit negotiations continue. The conference โ chaired by NOAH Chief Executive Dawn Howard and opened by NOAH Chair Gaynor Hillier โ…
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Oct- 2017 -30 OctoberIndustry News
RCVS and BVA join forces to deal with the impact of Brexit
The Royal College of Veterinary Surgeons (RCVS) and the British Veterinary Association (BVA) have joined forces with the Department for Environment, Food and Rural Affairs (Defra) on a project to assess the challenges and opportunities posed by EU exit, with the aim to develop a flexible and skilled workforce which…
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26 OctoberCurrent Affairs
Pet food company secures ยฃ5m funding
Forthglade Foods Ltd has secured ยฃ5 million in Growth Capital funding from Santander Corporate and Commercial. The company hopes to further support its UK and overseas expansion plans as well as the development of a larger manufacturing facility. The business, which currently employs 80 people, is set to create a…
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17 OctoberIndustry News
Legal & General acquires Buddies Enterprises Limited
Legal & General Insurance Limited has announced the acquisition ofย 100 percent of Buddies Enterprises Limited. The UK pet insurance sector now accounts for ยฃ1bn of gross written premiums and has grown at a compound annual rate of nine percent over the last five years. However, more than half the pet…
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Sep- 2017 -19 SeptemberCurrent Affairs
New campaign launched for health and wellbeing of small businesses
The health and wellbeing of small business owners, the self-employed, and indeed the staff of small employers are at the heart of a new campaign launched by The Federation of Small Businesses (FSB) today. The new drive from FSB will help its members – and the wider 5.5 million-strong small…
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5 SeptemberCurrent Affairs
Symply celebrates enterprise award with ceremony
Theย Symply Groupย has been presented with theย Queenโs Award for Enterpriseย at a ceremony at the companyโs headquarters. Following the official royal ceremony at Buckingham Palace in July, in September founder and managing director of Symply, Eddie Milbourne, was presented with the official award by Alexander Boswell, Her Majestyโs Vice Lord-Lieutenant of Buckinghamshire.…
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