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CHRISTMAS CRACKER: UK RETAIL SALES TO GROW AN ESTIMATED 2.5.% IN DECEMBER 2016

As Brits start to turn their minds towards filling this year’s stockings, Mintel estimates that total UK retail sales will grow 2.5% in December 2016 to reach £42.2 billion. Shying away from the Christmas high street rush, new research from Mintel reveals that as many as one in five (20%) Brits plan to shop online […]

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Shop prices keep declining in the UK

Period Covered: 04 – 08 July 2016 – Overall shop prices reported deflation of 1.6% in July, from the 2.0% decline in June. This is above the 12-month average of 1.8%. – Non-food deflation decelerated to 2.2% in July from 2.8% in June. This is above the 12-month average of 2.8% – Food deflation remained […]

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UK inflation rate picks up to 0.5%

The Consumer Prices Index (CPI) rose by 0.5% in the year to June 2016, compared with a 0.3% rise in the year to May. The June rate is a little above the position seen for most of 2016, though it is still relatively low historically. Rises in air fares, prices for motor fuels and a […]

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Statement from the Governor of the Bank of England following the EU referendum result

The people of the United Kingdom have voted to leave the European Union. Inevitably, there will be a period of uncertainty and adjustment following this result. There will be no initial change in the way our people can travel, in the way our goods can move or the way our services can be sold. And […]

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Bank of England unveils new £20 note design featuring JMW Turner

Today, Bank of England Governor, Mark Carney, announced that J.M.W. Turner will appear on the next £20 banknote due to be issued by 2020.  At the announcement at Turner Contemporary in Margate, the Governor revealed the image of Turner that will be used on the note. The selection of Turner is the first time the […]

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UK retail sales rise in December, outlook for January weak – CBI

Internet sales rise thanks to Black Friday effect High street sales growth accelerated in the year to December, according to the CBI’s latest monthly Distributive Trades Survey, which covers the crucial run-up to Christmas. The survey of 118 firms showed the volume of retails sales picked up in December, and was slightly above the average […]

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