Economy

Footfall rises ahead of Christmas but remains lower than 2023 levels

Footfall rose for the second consecutive week last week across all UK retail destinations with retail parks and shopping centres…

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BRC warns of ‘spending squeeze’ in January

The British Retail Consortium has warned of a January spending squeeze, as BRC-Opinium data between 10 and 13 December showed…

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BoE holds interest rates at 4.75%

The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation…

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Footfall drops 3.1% in last fortnight

Footfall over the last two weeks ended 8 December has averaged -3.1% below the same weeks last year according to…

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Footfall declines 1.1% in October

Footfall in the UK fell 1.1% in October compared with the previous year, according to data from the BRC. Alongside…

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Retail footfall shows resilience despite riots

Footfall in the UK rose marginally by 0.9% from July to August in all UK retail destinations according to data…

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Inflation rises to 2.2% due to energy prices

Inflation increased for the first time this year in July, as energy prices fell less than they did a year…

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Cold weather chills consumer spending in June

UK Total retail sales decreased by 0.2% year on year in June, against an increase of 4.9% in June 2023,…

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BoE holds interest rates for 7th consecutive month

Interest rates have remained unchanged at 5.25% for the seventh consecutive month, the Bank of England has announced. The bank’s MPC…

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Shop Price annual inflation falls to 0.8% in April

Shop Price annual inflation eased to 0.8% in April, down from 1.3% in March, as it starts to show “signs…

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