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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Sri Lanka central bank governor submits resignation amid crisis
admin, , Business, 0
With him in charge, the bank said: “Sri Lanka was able to maintain sound and stable macro-economic fundamentals, with...
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UK car production tumbles to ‘worst in a generation’
admin, , Business, 0
Shipments to the US, Japan and Australia last year all fell, down 33.7%, 21.6% and 21.8% respectively. Exports to...
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Fears for 5,000 UK steel jobs as lender collapses
admin, , Business, 0
“The joint administrators are in continued discussion with an interested party in relation to the purchase of certain Greensill...
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‘Five-day office week will become the norm again’
admin, , Business, 0
Jessica Bowles, director of strategy at commercial property developer Bruntwood, which operates in Manchester, Birmingham, Leeds and Liverpool, told...
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Recession looms as UK economy starts to shrink
admin, , Business, 0
And while some of the monthly hit in September can be explained by the extra bank holiday, the hit...
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Retail sales soar 9.2% in April as shops reopen
admin, , Business, 0
“Footfall is still down by 40% on the pre-pandemic period, and there are still 530,000 people who work in...
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Petrol prices at eight-year high, says RAC
admin, , Business, 0
“While we’re not past the pandemic by any means, demand for oil is likely to continue to increase as...
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New powers sought to stop illegal ticket resales
admin, , Business, 0
George Lusty, the CMA’s senior director for consumer protection, said: “Over recent years, we have taken strong action to...
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