Conservative Party

Gloom Spreads Across UK Retailers Following Budget Tax Rises – CBI

British retailers’ optimism has fallen to a two-year low following the UK's budget, the Confederation of British Industry has said.

British consumer sentiment rose to a two-and-a-half year high this month, as personal finance worries gave way to an improved economy.

British inflation returned to its 2% target on Wednesday for the first time since 2021, but underlying price pressures remained strong.

UK grocery inflation fell for a sixteenth month in a row in June, data from market researcher Kantar showed on Tuesday.

Tesco is “not unduly worried” by the Labour Party’s plan to introduce a new package of workers’ rights, the CEO said on Friday.

Grocery inflation in the UK fell for the 15th month in a row in May to reach 2.4% – its lowest level since October 2021, according to Kantar.

Grocery inflation in the UK fell in March for the 14th consecutive month, according to data from Kantar released today.

British inflation fell more in February than economists and the Bank of England (BoE) had expected, it was reported this morning.

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