The EY Item Club has issued a warning that UK unemployment is predicted to reach a five year high this year. Forecasts indicate a potential peak of 5.2 per cent
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A proposed tourist tax on overnight visitors in the UK could redirect travellers away from the country, potentially harming the staycation market. According to the chairman of Safestay, a company
Morrisons has announced a substantial loss of £381 million for the previous year, largely attributed to escalating borrowing costs and a decline in consumer spending. This announcement marks a challenging
China’s economy demonstrated a robust growth rate of 5 per cent last year, surpassing Beijing’s official target, driven largely by an impressive surge in exports. This phenomenon has helped offset
Retail sales in the United Kingdom have shown a year-on-year increase of 1.2 per cent, according to recent figures from the British Retail Consortium. Despite this growth, consumers remain cautious,
Household expenditure on alcoholic beverages during the Christmas period has declined at its most rapid rate since the coronavirus lockdowns of 2021, according to retail data analysis. The contraction reflects
Marks and Spencer has reported that robust demand for its Christmas food range successfully counterbalanced weakening performance in its fashion division during the festive trading period. The retailer, which occupies
Asda has endured a challenging festive season, with the supermarket’s market share reaching a fresh low during December. The retailer experienced its twenty-second consecutive month of decline, signalling persistent difficulties
Grocery costs have pushed retail price inflation upwards, with the British Retail Consortium reporting a rise in shop price inflation to 0.7 per cent annually in December, up from 0.6
Consumer reliance on credit cards has accelerated sharply in the lead up to Christmas, with outstanding card debt reaching nearly £78 billion in November. The Bank of England’s data revealed
Daylesford Organic, the upmarket farm shop owned by Baroness Bamford, has signalled concerns that affluent consumers may be preparing to reduce their spending. The Cotswolds-based retailer, which caters to the
UK general retailers are positioned to demonstrate resilience during the Christmas trading period, with prospects for improvement in 2026 despite a challenging consumer environment, according to recent analysis from JPMorgan.
The Cotswold Company has delivered impressive festive trading results, posting a 14 per cent increase in like-for-like sales during the ten week period to 28 December. The premium furniture retailer,
Costa Coffee’s financial deterioration has accelerated sharply, with operating losses doubling to £13.5 million in 2024 compared to £5.8 million the previous year, according to newly filed Companies House documents.
The United States economy has experienced its fastest expansion in two years, with gross domestic product rising by 4.3 percent in the third quarter of 2025. This surge surpasses both
The United Kingdom has endured a challenging 2025, with stagnant growth, persistent inflation, and nervous bond markets contributing to a decidedly subdued economic mood. Despite these difficulties, there are emerging
