Economy

Consumer confidence hasn’t recovered since Brexit vote, Barclays finds

Consumer confidence reached its highest point in the past 10 years in September 2016, at 48%, just after the Brexit…

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UK footfall jumps 7.2% in April

UK footfall increased by 7.2% in April (YoY), up from -5.4% in March, the BRC has revealed. During the four…

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Diamond prices rise in April amid tariff uncertainty

Diamond prices rose sharply at the beginning of April in response to announcements of new U.S. import tariffs, and then…

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Chancellor resists calls for business relief in Spring Statement

Chancellor Rachel Reeves has resisted calls from businesses for relief ahead of the upcoming tax changes this April, as part…

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Shop price inflation remains at 0.7% despite surge in food prices

Shop price inflation remained in deflation at 0.7% in February, after also falling to -0.7% in January, according to data…

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UK consumer confidence drops to new low in February

UK consumer confidence slipped to a new low of -37 in February, amid the worsening state of the economy. According…

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Average diamond price rose 2.7% in 2024

The average price of a diamond rose 2.7% to $2,360 (£1872) in 2024, according to data from the Natural Diamond…

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BoE cuts interest rates to 4.5%

The Bank of England (BoE) has voted to cut interest rates from 4.75% to 4.5%, the lowest level since June…

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Value of diamonds has plummeted in past 2 years, warns 77 Diamonds

Both natural and lab grown diamonds have seen a significant reduction in value, according to online jeweller 77 Diamonds. Over…

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BRC warns of 2025 falling sales volume despite December sales growth

The British Retail Consortium (BRC) has warned of possible falling sales volume in 2025 despite the modest increase in total…

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