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The Latest Breaking News from BRC

Consumer expectations for economy plunge to ‘new low’

A survey found expectations for the state of the economy over the next three months have worsened to minus 34, down from minus 27 in December.

Evening Standard

Consumer expectations for economy plunge to ‘new low’ amid job cuts

Hopes for the state of the economy over the next three months have dampened since December, according to a consumer confidence survey

The Independent UK

Welsh forest rallying in turmoil as storm damage causes events to be cancelled

Forest rallying in Wales in 2025 has been thrown into turmoil after the season’s opening two events were cancelled due to storm damage, including a British Rally Championship fixture.

Autosport

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Two thirds of leading retailers warn Budget will force them to hike prices

The BRC poll of 52 chief financial officers found 70% are ‘pessimistic’ or ‘very pessimistic’ about trading conditions over the coming 12 months.

Evening Standard

Half of UK retailers plan to cut workforce in 2025 - and even more will raise prices

70 per cent of polled CFOs are ‘pessimistic’ or ‘very pessimistic’ about trading conditions over the coming 12 months

The Independent UK

Retailers warn of higher prices in 2025 and urge ministers to ease tax burden

Companies grappling with higher employment costs say price of food may rise by 4.2% in latter half of year

The Guardian - UK

Food prices to rise by 4.2% this year amid increased costs, industry warns

The BRC said there was ‘little hope of prices going anywhere but up’ amid higher national insurance, National Living Wage and packaging costs.

Evening Standard

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The golden Christmas period was a huge boost for the U.K.’s biggest supermarkets Tesco and Sainsbury’s. But 2025’s storm clouds are brewing

The boom in spending was driven by average U.K. households making 17 shopping visits in December, according to Kantar data.

Fortune

UK retailers may have to cut thousands of jobs after bleak Christmas

British Retail Consortium figures show sales growth close to flatlining, as card spending fails to rise

The Guardian - UK

New Budget blow for Starmer as retailers warn of price hikes and job cuts

Retailers will be particularly hard hit by chancellor Rachel Reeves’s planned hike to employers’ national insurance

The Independent UK

Biden blocks Nippon Steel’s $15bn bid for US Steel over national security fears – as it happened

Rolling coverage of the latest economic and financial news as the US president uses his final days in office to block a $15bn bid for US Steel

The Guardian - UK

‘Drab’ December caps disappointing year for retailers

Shopper visits over the Golden Quarter were down 2.5% on the same period in 2023, according to the BRC-Sensormatic Footfall Monitor.

The Independent UK

Autosport's top 10 club racing rivalries of 2024

There are a plethora of championship battles every year in the world of club motorsport, yet some are remembered much more than others for a variety of reasons.

Autosport

Christmas ‘disastrous’ for retailers as households battle ongoing cost pressures

Retail footfall was 11.4% down on last year over the final full week before Christmas, according to Rendle Intelligence and Insights.

The Independent UK

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Evening Standard

Cash use increased for the second year in a row in 2023, say retailers

Cash accounted for nearly a fifth of transactions in 2023, with people making smaller purchases, the British Retail Consortium said.

Evening Standard

Consumer confidence ‘weak’ as Christmas approaches

Confidence has been offset by declining expectations of the wider economy, according to the BRC-Opinium Consumer Sentiment Monitor.

The Independent UK

17-month run of falling shop inflation ends amid warnings of price rises

Overall shop prices are now 0.6% cheaper than a year ago, but have risen from October’s 0.8% cheaper, according to the BRC and NielsenIQ.

The Guardian - UK

UK retailers warn Reeves of £7bn hit from budget tax rises

Increase in national insurance contributions and national living wage will add to costs, says BRC

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The Guardian - UK

UK retail sales growth slumps as shoppers wait for Black Friday deals

Later October half-term break and budget uncertainty also led to lower spending, says industry

Evening Standard

Retailers suffer ‘disappointing’ October amid pre-Budget jitters

Total UK retail sales were up 0.6% year-on-year last month against a 2.6% increase last October, according to the BRC-KPMG Retail Sales Monitor.

The Guardian - UK

Lower shop prices boost prospect of Bank of England rate cut

British Retail Consortium says prices falling at fastest rate in three years and are 0.8% lower than a year ago

Evening Standard

Shop prices ease for third month amid warnings of potential volatility

Overall prices are now 0.8% cheaper than a year ago, according to the BRC-NielsenIQ Shop Price Index.

The Guardian - UK

Rachel Reeves must keep promise to ease business rates burden, say retailers

Plea comes as analysis warns of £2.7bn tax hike mainly affecting smaller retail, leisure and hospitality firms

The Guardian - UK

Oasis ticket sales push UK non-essential spending to highest level this year

Retail sales show strongest growth in six months as shoppers buy clothes and computers for new academic year

The Guardian - UK

More than 70 retailers urge Reeves to make 20% cut to business rates

In letter to chancellor, Tesco and M&S are among firms warning tax could result in widespread store closures

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