Consumer Spending

Bira ‘disappointed’ mini-budget does ‘not help indie retailers’

The British Independent Retailers Association (Bira) has expressed its “disappointment” that Chancellor Rishi Sunak’s mini-budget does not “directly help retail…

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Reopening is ‘no magic bullet’ for retail, says BRC

Reopening is “no magic bullet” for retail, the British Retail Consortium has warned despite UK footfall improving since lockdown restrictions…

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Coronavirus: The jewellery industry’s story

At the time of writing, the UK’s embattled high street has been given a glimmer of hope, after prime minister…

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Chancellor mulls VAT cut and could follow up with autumn tax rises

Chancellor Rishi Sunak is reportedly considering cutting VAT in order to help stimulate the economy but could follow the move up with…

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Consumer spending drops 26.7% year-on-year in May

Consumer spending contracted 26.7% year-on-year in May. This is according to new data from Barclaycard, which revealed that spending on…

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Online retail sales soar to 10-year high amid Covid-19 crisis

Online sales growth surged to a 10-year high in April, up 23.8% year-on-year, amid the ongoing Covid-19 pandemic. That’s according…

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UK economy not expected to recover until 2023, study suggests

The UK’s economy is not expected to return to normal until 2023 due to the coronavirus pandemic, according to a…

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Pandora sales slip in third quarter

Jewellery brand Pandora has reported a 10% drop in like-for-like sales in its third-quarter results. Overall earnings over the quarter,…

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The SDGs are our path to sustainable growth

We live in a world of changes so profound and rapid that no one can stand alone. The 2030 Agenda…

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July consumer spending hits record low

UK consumer spending in the month of July fell to a record low despite the good weather, according to the…

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