Industry warns Iran war spike to come as food inflation falls Retail The surprise drop in food and drink inflation seen in May is likely to be short-lived, as the impacts of the war in Iran are due to take hold, leading industry figures to warn. The rate of inflation of food and non-alcoholic drinks fell from three per cent in April to 2.2 per cent in [...]
Nearly half of retail workers considering quitting over mental health Retail Nearly half of the UK’s millions of retail workers are considering quitting the sector over concerns for their mental health, as the majority report facing abuse at work. Retail is the sector in which the most workers (52 per cent) have faced verbal abuse in the past year, as 44 per cent mull quitting the [...]
More than 80 retail bosses urge Starmer to tackle youth unemployment crisis Retail More than 80 retail bosses have called on the Prime Minister to set out urgent measures to tackle youth unemployment, warning that the “ladder of opportunity for young people is wobbling”. The chiefs of leading retailers including Tesco, Sainsbury’s and John Lewis have called on Sir Keir Starmer to safeguard the position of retail as [...]
Heatwave boost for retailers as Brits snapped up BBQs and fans June 9, 2026 The late-May heatwave offered a much-needed boost for retailers as the hot weather prompted red-hot spending on barbecues, fans and sandals. Retail sales in the UK jumped by 3.7 per cent year on year in May, soaring above the full-year average of two per cent, according to the British Retail Consortium (BRC). Many Brits opted [...]
Zero-hour crackdown could wipe out seasonal work, Labour warned June 2, 2026 Labour has been warned that its controversial crackdown on zero-hour contracts could eradicate seasonal work and put even 20-hour contracts under threat. The government has said it could class 20-hour weeks as a low-hour contract and force firms to offer permanent terms after as little as 12 weeks of work. Retail and hospitality firms have [...]
Retailers ramp up pressure on Reeves to scrap tax break for e-commerce rivals May 27, 2026 Retailers have urged Rachel Reeves to “revitalise the high street” by speeding up plans to close a tax break which they say unfairly favours Chinese e-commerce rivals. High street giants like Next, M&S and Primark have urged the Chancellor to impose a £2.60 flat fee on small parcels to rebalance a system which they say [...]
Intense discounting pushes food inflation to year low May 26, 2026 Intense competition among UK supermarkets has pushed food inflation to its lowest level in a year, despite warnings that the Iran war will push up prices. Heavy discounting saw food inflation fall from 3.1 per cent last month to 2.7 per cent in May, according to data by the British Retail Consortium (BRC) and NIQ. [...]
Collective redundancy reforms could saddle firms with ‘perpetual’ bureaucracy May 25, 2026 The government has been warned against law changes on collective redundancy which businesses say could swamp bosses in more costs and bureaucracy. As part of Labour’s Employment Rights Act, the government is set to require businesses to undertake a consultation of the entire firm whenever they make a certain number of redundancies. Under existing rules, [...]
Reeves food tariffs policy will ‘barely touch the sides’ on supermarket prices May 21, 2026 Food manufacturers and retailers have slammed Rachel Reeves’ cost of living measures, claiming the government’s loosening of food tariffs will do little to help supermarkets to cut prices. The Chancellor urged supermarkets to pass on savings from the stripped tariffs to shoppers “in full,” but retailers fear this measure will “barely touch the sides,” City [...]
Innocent smoothie boss bananas for EU red tape reset May 18, 2026 The boss of smoothie giant Innocent has backed closer ties between the government and the European Union, in the same week Labour leadership hopeful Wes Streeting threw his weight behind a return to the bloc. Nick Canney, chief executive of Coca-Cola-owned Innocent Drinks, told City AM that closer ties with the EU would be “helpful” [...]