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The Latest Breaking News from BRC

Shoppers turning to alternative payments such as buy now pay later – BRC report

Evening Standard

UK households cut spending at fastest pace in almost five years, says Barclays

Bank reports 1.1% drop in card spending despite Black Friday boost for retailers

The Guardian - UK

Pre-Budget shopper ‘jitters’ dampen Black Friday sales

Total retail sales across the UK increased by 1.4% year on year in November – the weakest growth in six months, BRC and KPMG figures show.

Evening Standard

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FTSE 100 Live 02 December: Warning over stretched AI valuations, lenders pass stress test

The Bank of England today warned AI-focused valuations remain “materially stretched” and at risk of a “sharp correction”.

Evening Standard

Good news for shoppers as price increases ease just in time for Christmas

Last month, shop price increases slowed, as did food inflation

The Independent UK

Shop price increases ease amid hopes of Christmas boost to consumer confidence

Overall shop prices were 0.6% higher than a year ago last month, down from 1% in October, according to the BRC-NIQ Shop Price Monitor.

Evening Standard

Consumer confidence tumbles amid ‘tumultuous’ build-up to Budget

Consumer expectations for the state of the economy over the next three months have fallen significantly, according to data from the BRC and Opinium.

Evening Standard

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Shrinkflation hits everyday staples, piling more pressure on households

Which? finds products shrinking while supermarkets keep prices flat or rising

The Guardian - UK

Shop price inflation slows despite soaring cost of fresh food

Overall shop price inflation has slowed to 1%, but fresh food is now 4.3% more expensive than a year ago, according to the BRC-NIQ Shop Price Monitor.

Evening Standard

UK supermarkets warn business rates rise could push up food inflation

A letter to Rachel Reeves has been signed by executives including at Tesco, Sainsbury’s and Aldi.

The Independent UK

UK supermarket giants join up to warn business rates rise could push up costs

The plans are set to be confirmed in next month’s autumn Budget statement

The Independent UK

UK retail sales growth cools amid fears over budget tax rises

Inflation also hitting sales, says industry body, as Barclays says credit card spending fell in September

The Guardian - UK

Retail spending slows as Budget looms large

Non-food sales growth slowed to 0.7% against growth of 1.7% last September and below the 12-month average growth of 0.9%, the BRC and KPMG reported.

Evening Standard

FTSE 100 Live 10 October: Gold and defence stocks fall, brickmaker issues warning

A leading brickmaker today said demand had slowed amid the impact of economic and political uncertainty.

Evening Standard

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Evening Standard

Consumer caution ahead of Budget drives drop in footfall – BRC

Total UK footfall was down by 1.8% in September compared to a year earlier, according to BRC-Sensormatic data.

The Independent UK

Food prices could rise again thanks to new ‘packaging tax’

The extended producer responsibility (EPR) scheme is likely to place a ‘significant financial burden’ on UK retailers and households

The Independent UK

Packaging tax will push up prices for consumers, say industry bosses

The BRC said the packaging tax was a ‘multi-billion pound levy being paid by consumers during a cost-of-living crisis’.

The Guardian - UK

Retailers say tax rises could further fuel inflation as shop prices jump

BRC says households are finding shopping increasingly expensive after annual shop price inflation rises to 1.4%

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Evening Standard

Non-food prices drive up inflation in September

Shop price inflation has jumped to 1.4% from August’s 0.9%, according to the British Retail Consortium (BRC)-NIQ Shop Price Monitor.

Evening Standard

Tax rises would lead to food inflation remaining above 5% ‘well into next year’

The BRC warned that a new surtax for large shops could lead to price rises for consumers.

The Independent UK

Tax warning issued as food inflation could remain above 5 per cent for months

Food inflation has hit its highest point since the 2022/23 cost-of-living crisis

The Guardian - UK

Business rates rise would put hundreds of big shops at risk, say UK retailers

Concern for ‘anchor tenants’ as trade body warns that stores could put up prices or cut jobs to protect profits

Evening Standard

400 of Britain’s largest shops at risk, industry leaders warn

The BRC said 400 large stores were at risk of closure if they were included in the Government’s new business rates surtax on premises.

The Independent UK

High street crisis deepens with 400 of Britain’s largest shops at risk of closure

Industry leaders have responded to the government’s proposed higher business rates tax band

Evening Standard

Retail sales up 3.1% in August to round off ‘solid’ summer

Food sales increased by 4.7% year on year, although this was largely down to rising prices.

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