Paul Dales, chief UK economist at Capital Economics said that while the 1.4% fall in retail sales was “disappointing”, he said it “may not mean that overall consumer spending is much weaker than we have been expecting if there was just a bigger shift in spending from the shops to the pubs as indoor hospitality reopened in mid-May”.
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Tech stocks slide as Wall Street goes into reverse
admin, , Business, 0
Image copyright Getty Images Image caption Earlier this week Apple’s value reached $2.3 trillion (£1.7tn), more than the combined...
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Is social media worth paying for?
admin, , Business, 0
“If everyone is having to pay, you’ll have far fewer people using it – so there will be less...
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Amazon strikes: Workers claim their toilet breaks are timed
admin, , Business, 0
As UK Amazon workers strike for the first time, staff in Coventry tell the BBC why they are walking...
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Russia threatens to stop supplying gas if not paid in roubles
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Germany, which gets about half its gas and a third of its oil from Russia, has urged its citizens...
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Ministers explore handing Post Office to sub-postmasters
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Ministers are exploring plans to hand ownership of the Post Office to thousands of sub-postmasters across the UK, sources...
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Strategies to close the pandemic gender gap at work
admin, , Business, 0
Unemployment caused by the pandemic has disproportionately affected women and now as restrictions ease many are not returning to...
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Post-Brexit controls on food and farm imports start
admin, , Business, 0
But from Wednesday, the main change is the introduction of “export health certificates” on imports of “medium risk” animal...
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‘Serious deficiencies’ in Bank’s economy forecasts
admin, , Business, 0
Dr Bernanke’s review recommends the Bank must thoroughly update its whole framework for forecasting the economy, overhauling or scrapping...
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