Inflation

Heatwave helps boost retail sales 2.3% in July

Retail sales increased 2.3% in July as the heatwave experienced across the UK helped boost demand for “hot weather essentials”,…

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BoE hikes rates to 1.75%, warns UK to enter recession until 2024

The Bank of England (BoE) has raised interest rates from 1.25% to 1.75%, marking the biggest rise in rates since…

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Retail accounts for 10% of UK administrations in 2022, study finds

The retail sector accounted for 10% of administrations in the first six months of the year – the third highest…

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Cost of living crisis starts to impact sales, BRC finds

On a total basis, sales decreased by 1.0% in June, against an increase of 10.4% in June 2021, according to…

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Cost of living crisis weighs on retail sales growth

High levels of inflation and the deepening cost of living crisis have prompted further slowing of retail sales growth, according…

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Mars Petcare latest to halt supplies to Tesco amid price dispute

Mars Petcare has halted supplies to Tesco as the supermarket faces its second dispute amid rising costs, as inflation continues…

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UK consumer confidence sinks to new record low in June

UK consumer confidence has fallen to the lowest level since records began during the month of June, according to the…

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BoE raises interest rates to 1.25%

The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its…

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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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BoE raises interest rates to highest level since 2009

The bank of England (BoE) has raised interest rates to its highest level since 2009 – marking the fourth time…

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