Inflation

Retail sales rise 6.9% over Christmas

The BRC has reported that sales on a total basis increased by 6.9% in December 2022, compared with the prior…

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Bank of England raises interest rates by 0.5% to 3.5%

The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of…

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Chancellor freezes tax thresholds in Autumn statement

Chancellor Jeremy Hunt has announced a raft of measures to help “stabilise” the UK economy and reduce inflation, with tax…

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Retail sales rise 2.2% in September

The British Retail Consortium (BRC) Sales Monitor reports that, on a total basis, sales increased by 2.2% in September, against…

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Footfall slows to +6.8% in September

UK footfall slowed for the third consecutive month and now sits just 6.8% compared with the same period in 202,…

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Consumer confidence plummets to record low in September

UK consumer confidence has plummeted to a record low of -49% in September, the lowest since 1974, according to the…

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Chancellor announces sweeping tax cuts in first mini-budget

Chancellor Kwasi Kwarteng has today (23 September) announced a ream of tax cuts alongside a £60bn energy support package as…

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BoE raises interest rates to 2.25%

The Bank of England has today (22 September) announced that interest rates will be raised by 0.5%, with rates rising…

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What will happen to luxury spending this winter?

Revenues in the jewellery industry have amounted to $4.03bn (£3.53bn) in 2022, with the market expected to grow annually by…

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Inflation falls in August but remains near 40-year high

UK inflation eased slightly in August to 9.9%, down from 10.1% in July, but remains near a 40-year high as…

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