Economy – Page 32
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NewsBank of England cuts interest rates to record low
Interest rates in the UK have been slashed for the first time since 2009 as part of a package of measures by the Bank of England to stabilise the economy in the wake of Brexit.
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NewsCity snapshot: UK retailers plan post-Brexit supply chain changes
More than half of UK retailers were “unprepared” for Brexit and almost a third are planning to change up their supply chains as a result of the vote, new research from Barclay’s has revealed.
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NewsGreggs boss Whiteside brushes off Brexit threat
Greggs boss Roger Whiteside has insisted a Brexit-inspired economic downturn will not derail the baker’s shift towards offering healthier eating options.
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NewsConsumer confidence plunges at fastest rate since 1990 after Brexit
Brexit has led to a dramatic 11-point drop in July from -1 to -12 in the latest monthly consumer confidence index by market research firm GfK.
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NewsAsda income tracker reveals extra £12 of disposable income
Asda says consumer spending power has now risen for 20 consecutive months
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NewsUK economy grows faster than expected in run up to Brexit
The economy was estimated by the ONS to have grown by 0.6% in the three months to the end of June, increasing from 0.4% in the first quarter of the year.
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Analysis & FeaturesBrexit already dampening price deflation at the mults
Brexit is widely expected to have an inflationary impact on food prices
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NewsUK consumer confidence collapses after Brexit
UK consumer confidence has taken its biggest knock for 21 years after the UK’s vote to leave the EU
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NewsCity snapshot: Consumer confidence down pre-Brexit
GfK’s consumer confidence index remained in negative territory last month as the public worried about the UK’s economic prospects even before the vote to leave the EU
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NewsCity snapshot: Leaving the EU will hit UK retail sales by 6%, report warns
The report says UK retail sales will reach £396.3bn by 2020 from their current level of £345.4bn without Brexit
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NewsBrexit could cost UK retailers £24bn by 2020
The economic shock caused by Brexit could drive UK retail sales 6% lower by 2020, according to a new report published today by the Economist Intelligence Unit.
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NewsRise in high street numbers drives UK footfall increase
Footfall in May was 0.3% up on a year ago after a significant upturn in shoppers on the high street
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NewsFood sales show best momentum since October
Overall UK retail sales increased by 0.5% on a like-for-like basis from May 2015
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NewsBHS to liquidate after search for a buyer fails
BHS is to shutter its 163 stores at the potential cost of 11,000 jobs after administrators failed to find a buyer for the troubled retail chain.
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Comment & OpinionBrexit debate - is Wetherspoons the best venue?
This week, Wetherspoon founder Tim Martin will be serving up a “hard-hitting” pro-Brexit message in 920 of his UK pubs
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NewsGrocery prices across Europe rise at slowest pace for six years
The prices of everyday items including food, drinks and toiletries have not grown so slowly since 2010
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Analysis & FeaturesGPI: Morrisons cuts hard again but deflation is now easing
The Grocer Price Index, collated by Brand View from more than 61,000 items across the big four, inched down –2.8% in the month to 1 April
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NewsBrexit 'brings tariff and labour cost risks'
Two new economic studies this week have warned that suppliers and retailers would be particularly exposed in the event of Brexit
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NewsGeorge Osborne’s budget - the key takeaways for food and drink
Osborne announced a “fundamental” shake-up of business rates
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NewsFDF members dismiss EU stay campaign
The UK’s biggest fmcg suppliers have refused to give a mandate for the Food & Drink Federation to campaign against Brexit