Economy – Page 31
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NewsConsumer price index to be used to calculate business rates
The government had originally committed to making the move last year, but the Bill failed due to the general election
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NewsCity snapshot: Consumer spending falls to four-year low
UK consumer spending has fallen to its lowest level in almost four years as rising inflation and stagnant wages have dampened demand for non-essentials items. Plus a look ahead at what’s scheduled on the markets this week and all the latest news from the City.
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NewsElection result triggers collapse in consumer confidence
Consumer confidence is at the second-lowest level since the summer of 2013
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NewsUK inflation jumps to 2.9%
The UK’s consumer prices index (CPI) measure of inflation rose to 2.9% in May, up from 2.7% in the previous month.
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NewsConsumer spending falls in May as shoppers display caution
High street footfall also declined in May with a fall of 2%
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NewsSNP losses mean independence vote 'unlikely' says SGF
The SNP lost 21 seats in the General Election…
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Analysis & FeaturesWhere now for the pound – and food price inflation?
So far, so Brexit. The day after a political earthquake, the value of the pound has dropped sharply while the globally focussed FTSE 100 is on the rise
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NewsMarkets rocked by election uncertainty
The pound has dropped in value by almost 2% overnight against the dollar as markets come to terms with the shock UK general election result that has produced a hung parliament.
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NewsAsda keeps a lid on prices as inflation eases again
Prices are rising compared with last year, but still remain 2.2% down on a two-year basis
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NewsTheresa May under pressure to resign as UK votes for hung parliament
After a dramatic night, the UK has woken up to a hung parliament this morning, with the Conservatives emerging as the largest party
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NewsFood sales rise against backdrop of declining retail trend
This is the strongest three-month average for food since February 2012
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NewsCity snapshot: UK retail like-for-like sales drop on non-food sales fall
UK retail sales fell by 0.4% on a like-for-like basis in May as weak non-food sales dragged down strong food sales growth, according to the BRC KPMG Retail Sales Monitor.
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NewsFood and drink exports rise to highest level on record
The biggest growth came from countries outside the EU
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NewsCity snapshot: Mounting inflation drives highest discounter growth since 2015
Mounting food price inflation is driving consumers back into the hands of Lidl and Aldi, according to the latest market share figures
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NewsStrong Easter drives like-for-like retail sales up 5.6% in April
UK retail sales grow 5.6% in April boosted by Easter, but BRC warns over longer-term prospects for the sector
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NewsCity snapshot: UK retail boosted by Easter sales growth
Food sales increased 2.4% on a like-for-like basis and 3.6% on a total basis in the past 12 weeks boosted by the Easter break, the BRC – KPMG Retail Sales Monitor April 2017 has revealed
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NewsCity snapshot: Consumer confidence erodes as general election looms
Four of the five measures used in GFK’s consumer confidence index fell in April, further eroding the overall index ahead of June’s snap general election. Plus Tate & Lyle pins recovery hopes on post-Brexit Britain and all the rest of this morning’s news from the City
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NewsUK retail sales slump as inflation bites
UK retail sales volumes slumped by 1.8% compared to February amid rapidly rising prices as quarterly sales volumes fell by their highest amount for seven years..
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NewsFinancial distress up 26% on average says Begbies Traynor
Red Flag Alert points to increased cost pressures from rising inflation in both fuel and food
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NewsSurging pound leads to FTSE 100 sell-off after snap election surprise
The FTSE 100 plunged more than 180 points yesterday (or £46bn) to 7,147.50 points as PM Theresa May called a surprise snap election on 8 June