Economy – Page 27
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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 & FeaturesPost Brexit share price winners and losers
It’s been 25 days since the UK electorate took the decision to quit to the EU. The Grocer looks at who the share price winners and losers have been since the vote.
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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