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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Mar- 2024 -6 MarchEconomy
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, as part of his Spring Budget for โlong-term growthโ. The reduction in National Insurance is expected to save the average worker ยฃ450 a year, or ยฃ350 for those who are…
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Feb- 2024 -28 FebruaryManufacturers
IโAnson appoints commercial director ahead of ยฃ20m mill opening
UK-based animal feed manufacturer IโAnson Bros has appointed Andrew Richardson as its new commercial director following the opening of its new ยฃ20m+ feed mill and distribution centre. Richardson has โextensiveโ experience within the agri, retail, equine/leisure and fuel sectors having previously held the roles of managing director and group CEO…
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Jan- 2024 -16 JanuaryTrade Organisations
PSC and UK Pet Food partner to support sustainable packaging
The Pet Sustainability Coalition (PSC) has partnered with UK Pet Food, the trade body for the UK pet food industry, to open the Packaging Pledge program to its members this year. Since its launch in August of 2022, PSC has provided tools and resources for 15 pet brands and distributors…
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Nov- 2023 -22 NovemberBusiness
Chancellor cuts National Insurance to 10% alongside NLW rise
Chancellor Jeremy Hunt has announced a series of measures to help boost the UK economy as part of his Autumn Budget including slashing National Insurance by 2% and freezing business rates for retail and hospitality. As part of the new measures, Hunt revealed that National Insurance will be cut from…
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Oct- 2023 -20 OctoberRetailers
Purina Europe to launch its first carbon reduced pet food range
Purina Europe is set to launch its first carbon reduced pet food range, Purina One DualNature. The carbon reduction work is a step towards Nestlรฉโs wider ambition of reducing its carbon emissions by 50% by 2030. So far, the range has successfully reduced its carbon footprint by 15.7% compared to…
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Sep- 2023 -21 SeptemberBusiness
Bank of England keeps interest rates unchanged at 5.25%
Following 14 straight rate rises, the Bank of England (BoE) has kept interest rates unchanged at 5.25%. At its latest meeting, the Monetary Policy Committee (MPC) voted by a slim majority of 5โ4 to maintain the current rate, though four members preferred to increase the rate to 5.5%. The MPC…
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11 SeptemberRetailers
PetPlace revamps Abergele store
PetPlace has revamped its Abergele store to include a cinema and play park, opening a new headquarters in Kinmel Bay and recently unveiling a revamped building in Llangefni. The 25,000 sq ft site which includes a play park, dog wash and coffee bar was redeveloped by Old Colwyn-based Parraโs Construction.…
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Aug- 2023 -29 AugustManufacturers
Fressnapf introduces recyclable dry food packaging
Fressnapf has partnered with Mondi to unveil a new recyclable packaging for its dry pet food range. The companyโs Select Golf dry pet food range will now be packed in Mondiโs FlexiBag Recyclable, BarrierPack Recyclable and Recyclable StandUp Pouches. The mono-material packaging solutions provide strong barrier properties providing protection from…
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23 AugustFeatures
Marly & Dan: Sustainable treats for dogs and cats
Marly & Dan, a Pure Salmon pet-treat brand, is taking action for a brighter future for our oceans and for our planet by producing healthy and sustainable, high-quality, locally produced protein. Pure Salmon is a protein producer that grows salmon sustainably on land-based farms by implementing proprietary Recirculating Aquaculture System…
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8 AugustEconomy
Retail sales growth slows in July amid heavy rain
The UKโs total retail sales increased by 1.5% in the four weeks to 29 July, against the 2.3% growth experienced in the same month last year. This was below the three-month average growth of 3.5% and the 12-month average growth of 3.9%, according to BRC data. This lacklustre growth in…
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