Helen Dickinson

Two-thirds of British retailers will raise prices this year in response to higher costs, a survey by the BRC showed on Wednesday.

Shoppers in the UK last month saw the sharpest fall in prices in more than three years but 2025 spells a return to higher costs, the BRC said.

Black Friday spending helped lift retail sales in late 2024, the British Retail Consortium said on Tuesday.

The number of people visiting British shops last year fell by 2.2% in the biggest drop since 2021, industry data showed on Friday.