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The Latest Breaking News from The British Retail Consortium

UK households cut back spending at fastest rate in 16 months, Barclays says

Dip in credit card spending in April, particularly on travel, suggests Britons preparing for harder times amid Iran war fallout

The Guardian - UK

Price rises in UK shops slow as retailers apply heavy discounts to lure shoppers

Shop price inflation rose by 1% year-on-year in April, slowing from 1.2% in March, the BRC says

The Guardian - UK

UK shops heavily reduced prices to lure in shoppers amid Iran war

Shop prices overall are now 1 per cent higher than last April

The Independent UK

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Marks & Spencer Accuses Sadiq Khan of Being Soft on Crime as 1,600 Daily Attacks on Staff Exposed

Marks & Spencer has criticized London Mayor Sadiq Khan over increasing retail crime, highlighting the violence and abuse faced by shop workers across the UK

International Business Times UK

Food price rises unlikely before summer, says boss of Sainsbury’s

Simon Roberts says Easter shop will be unaffected by Middle East conflict, but industry warns prices may rise this year

The Guardian - UK

Shop price inflation increases as ‘storm clouds loom’ amid Middle East crisis

Inflation will rise, although there are “no indications” it will reach the peaks of the last spike in April 2023, the British Retail Consortium said

The Independent UK

Shop price inflation eases but food costs still 3.5% up on a year ago

Overall shop inflation fell slightly to 1.1% from January’s 1.5%, according to the British Retail Consortium and NIQ.

Evening Standard

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Retail sales pick up in January after consumers hold off on Christmas spending

The British Retail Consortium and KPMG said total UK retail sales increased by 2.7% year on year in January.

Evening Standard

National insurance hike and energy bills behind food price rise, say UK retailers

Latest BRC figures show year-on-year rate of increase was 3.9% in January, up from 3.3% the month before

The Guardian - UK

Retailers suffer ‘drab’ Christmas as shoppers shun gifting for sales – figures

Total UK retail sales were up 1.2% year-on-year in December – well below last December’s growth of 3.2% and the 12-month average of 2.3%.

Evening Standard

Shoppers turning to alternative payments such as buy now pay later – BRC report

Evening Standard

Retail drags on FTSE as stocks drift ahead of US interest rate decision

In London, retailers were a soft feature after a report showed annual UK retail sales growth decelerated in November.

Evening Standard

FTSE 100 Live 10 October: Gold and defence stocks fall, brickmaker issues warning

A leading brickmaker today said demand had slowed amid the impact of economic and political uncertainty.

Evening Standard

Non-food prices drive up inflation in September

Shop price inflation has jumped to 1.4% from August’s 0.9%, according to the British Retail Consortium (BRC)-NIQ Shop Price Monitor.

Evening Standard

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The Guardian - UK

Business rates rise would put hundreds of big shops at risk, say UK retailers

Concern for ‘anchor tenants’ as trade body warns that stores could put up prices or cut jobs to protect profits

Evening Standard

Food inflation jumps to 18-month high as chocolate and butter prices rise

Food inflation lifted to 4.2% this month from 4% in July, according to according to the British Retail Consortium-NIQ Shop Price Monitor.

The Independent UK

Christmas dinner warning as costs could rise after Labour tax changes

Two-thirds of retailers predict they will have to raise prices further this year

The Independent UK

Surging meat and tea prices drive food price inflation up for sixth month

Helen Dickinson of BRC said staples such as meat and tea were hit the hardest by price increases.

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The Guardian - UK

Hot weather lifts UK spending as fans and sports gear add to sales

Retail body says sales up by 3.1% year on year in June after drop in May, but Barclays finds shoppers are cautious

The Guardian - UK

Food prices pushed up by hot weather hitting harvest yields, say UK retailers

Rising fruit and vegetable prices contribute to jump in annual food price inflation in June to 3.7%

The Guardian - UK

UK food inflation rises for fourth month in a row as steaks beef up prices

Annual rate of food price increases hits 2.8% driven by rising cost of fresh produce but price inflation for all goods is falling

The Guardian - UK

Warm weather and Easter weekend boosted UK spending in April, says Barclays

Consumers shrugged off anxiety over effect of US tariffs as card spending grew by 4.5% year on year

The Independent UK

Major supermarket announces new store trial which will track you as you shop

The trial will take place at Asda stores in Ashton, Chadderton, Harpurhey, Eastlands and Trafford Park in Greater Manchester

Evening Standard

FTSE 100 falls after plunging consumer confidence report

Polling by the British Retail Consortium found expectations for the economy worsened for the fifth consecutive month in February.

The Guardian - UK

Gold hits record high amid geopolitical worries; Amazon takes creative control of James Bond – as it happened

Spot price of gold is approaching $3,000/ounce while Amazon has acquired creative control of the spy franchise from the Broccoli dynasty.

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