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The Latest Breaking News from Helen Dickinson

Why mounting costs mean recent retail growth ‘barely touches the sides’

July retail sales were up 2.5 per cent on 2024 but they were not close to covering the the last budget’s £7 billion in new costs on the sector

The Independent UK

Tax rises would force up prices for customers, retailers warn Reeves

There are growing questions over how the government will fill a black hole in the public finances at the next budget

The Independent UK

Tax rises in autumn would force our prices up, retailers tell Reeves

Lobby group says shops have already had to put up prices and new increases would leave households struggling

The Guardian - UK

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Your food shopping bill is set to increase. Here’s how much

Food inflation is set to soar to 6 per cent by the end of the year, posing a "significant challenge" to household budgets just as Christmas approaches, industry leaders have warned.

The Independent UK

Rising UK food prices turn cash-strapped shoppers away from high street

BRC says food prices rose by 4% in July from 2024, while CBI blames economic uncertainty for people not spending

The Guardian - 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.

The Independent UK

Zero-hours contracts: peers accused of ‘trying to block stronger UK workers’ rights’

Lords ‘doing bidding of bad bosses’, says TUC, amid growing campaign by business leaders to water down Labour’s plans

The Guardian - UK

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Britons ‘turning to simpler meals’ as grocery bills head for £275 annual rise

Shoppers picking up supermarkets’ own-label ranges as grocery price inflation jumps to 5.2% in July

The Guardian - UK

June heat and thunderstorms spell tough month for high street

Total UK footfall fell by 1.8% year-on-year in June, a dip from May’s 1.7% decline, according to British Retail Consortium-Sensormatic data.

Evening Standard

Labor defends plan to save $6.4bn by cutting more consultants as experts call it a ‘lazy option’

While the government’s savings are a ‘worthy target’, achieving them ‘may not be a straightforward process’, some say

The Guardian - AU

‘Welcome green shoots’: warm March weather gives 1.1% lift to UK retail sales

Spring sunshine boosted spending on gardening, DIY and food products, but households are still ‘prudently budgeting’ as bills rise

The Guardian - UK

Valentine’s Day proves a gift for UK retailers, as consumers hold back on big-ticket items

Jewellery purchases linked to 14 February give lift to otherwise lacklustre month, British Retail Consortium says

The Guardian - UK

Price of butter, cheese, eggs, and bread to skyrocket in UK

Supermarket shoppers have been warned over food prices rising at the third fastest monthly rate in a year.

The National (Scotland)

Food prices rise at third fastest monthly rate in a year

Breakfast, in particular, got more expensive as butter, cheese, eggs, bread and cereals all saw price hikes.

Evening Standard

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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.

The Guardian - UK

Crime ‘spiralling out of control’ in stores, warns British Retail Consortium

UK retailers report all-time high of 55,000 thefts a day and a 50% rise this year in violent and abusive incidents

Evening Standard

Food prices see fastest monthly jump since April last year

Food prices overall increased by 0.5% between December and January, according to British Retail Consortium figures.

Evening Standard

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.

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The Independent UK

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

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

Two thirds of retailers to hike prices because of Rachel Reeves’ budget, industry warns

The British Retail Consortium said 67 per cent of the finance bosses they asked said they would raise prices

Evening Standard

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

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.

The Guardian - UK

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

Evening Standard

Crucial ‘golden quarter’ fails to save 2024 for retailers

Sales were just 0.4% higher over the three months to December than in the same period in 2023, reflecting households’ cautious spending, figures show.

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British Retail Consortium

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