A coalition of leading hospitality, retail and leisure organisations have written to the chancellor urging him to freeze the business rates multiplier and extend existing reliefs for a further year at the upcoming Autumn Statement. British Retail Consortium, UKHospitality, Association of Convenience Stores, British Independent Retail Association and ukactive are warning that businesses, jobs and […]
With only two weeks to go until the Park Christmas Savings season hits the peak for savers to start getting ready for Christmas 2024, PayPoint today announces that more than 1,500 members of the Federation of Independent Retailers (the Fed) have signed up to become PayPoint Park Super Agents, boosting their earning potential by over […]
Despite ongoing challenges, small and independent retailers are looking ahead to next year positively, with expectations of business growth rising significantly among 59% of those surveyed in 2022 to 89% in 2023. The annual survey of independent retail and hospitality business owners, on behalf of American Express and Small Business Saturday, explores current business confidence, […]
Responding to the latest CPI inflation figures which shows headline inflation falling to 4.2% and food inflation falling 2 percentage points to 10.1%, Helen Dickinson, chief executive of the British Retail Consortium, said: “After a brief pause in September, inflation is once again headed in the right direction, helped by the seventh consecutive month of […]
Merchants and consumers are increasingly dissatisfied with Black Friday as the cost-of-living crisis continues to hit profit margins and disposable income, at the start of this year’s critical sales period. That’s according to new research of more than 2,000 UK consumers and over 500 UK online merchants by Tink, a market-leading payment services and data […]
Consumer card spending grew just 2.6 % year-on-year in October – noticeably less than the latest CPIH inflation rate of 6.3 % and the smallest uplift since September 2022 (1.8 %) – as Brits’ concern over rising energy bills and outgoing costs ahead of the festive period hindered discretionary spending. On a brighter note, the […]
Responding to the King’s Speech, earlier today, Helen Dickinson OBE, chief executive of the British Retail Consortium, said: On Business Rates “We welcome the government’s pledge, within the King’s Speech, to “continue to take action to bring down inflation, to ease the cost of living for families, and help businesses fund new jobs and investment. […]
Sales figures are not adjusted for inflation. Given that both the October SPI (BRC) and September CPI (ONS) show inflation running at higher than normal levels, the rise in sales masked a likely drop in volumes once inflation is accounted for. Like-for-like data has been moved from the bullets to the tables at the bottom. […]
Covering the four weeks 01 October – 28 October 2023 According to BRC-Sensormatic IQ data: Total UK footfall decreased by 5.7% in October (YoY), down from -2.9% in September. High Street footfall decreased by 4.6% in October (YoY), down from -1.7% in September. Retail Parks footfall decreased by 4.3% in October (YoY), down from -2.4% […]
Shop Price annual inflation decelerated further to 5.2% in October, down from 6.2% in September. This is below the 3-month average rate of 6.1%. Shop price growth is at its lowest since August 2022. Non-Food inflation fell to 3.4% in October, down from 4.4% in September. This is below the 3-month average rate of 4.2%. […]
