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      UK industrial electricity prices are the highest in the G7 and 46 per cent above the average of the International Energy Agency.

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British Retail Consortium (BRC)

  • M&S boss: Sadiq Khan is soft on crime

    April 3, 2026

    Marks and Spencer has hit out at the Mayor of London for being soft on crime, after crowds of young people have targeted London shops in the past week.  Thinus Keeve, the supermarket’s retail director, has called on Sadiq Khan to crack down on violent disorder against retailers, after a Marks and Spencer (M&S) shop [...]

  • Reeves summons supermarket bosses again after snub

    March 31, 2026

    Rachel Reeves has summoned supermarket bosses for a Downing Street meeting on Wednesday after being snubbed last week.  The new meeting will be attended by executives at Sainsbury’s and Tesco but bosses at Asda, Aldi and John Lewis will miss out, supposedly due to diary clashes. The Chancellor hastily invited grocery executives to a meeting [...]

  • Shop prices creep up as retailers brace for Iran war supply chain disruption

    March 31, 2026

    Shop price inflation edged up in March as cost rises related to the Iran war began to take effect.  The cost of shop items increased by 1.2 per cent year on year in March, up from 1.1 per cent in February, according to data compiled by NIQ for the British Retail Consortium (BRC). The BRC [...]

  • Consumer confidence collapses as Iran war provokes inflation fears

    March 26, 2026

    Brits’ confidence in the state of the economy has plummeted since the outbreak of war in Iran, as shoppers tighten their purse strings amid fears of sharp price rises. Consumer sentiment over the UK’s economy has fallen to its lowest level on record, down from -30 per cent to -53 per cent, according to trade [...]

  • UK risks ‘jobless generation’ as retail hiring plummets

    March 19, 2026

    A leading industry body has warned the UK faces a “jobless generation” as the number of jobs in retail fell to a record low.  There were 2.8m retail jobs in 2025, according to the Office for National Statistics’ four-quarter average, which smooths out seasonal variations in hiring, which is 383,000 fewer than in 2015. The [...]

  • Labour workers rights reforms could backfire for young workers

    March 12, 2026

    Labour’s employment rights reforms could damage opportunities for young workers if the new laws reduce the number of flexible, entry-level roles, the UK’s top retail trade body has warned. The British Retail Consortium (BRC) has called on the government to ensure the implementation of its reforms, which were passed into law in December, doesn’t hamper [...]

  • Iran war: From fuel to food, what could get more expensive?

    March 6, 2026

    Amid fears the war in Iran could “bring down” the world’s economies, experts have warned the conflict could have wide-ranging impacts which reach into the households of everyday consumers.  The Middle East plays a central role in global energy supplies and shipping routes, and consumer industries have warned the knock-on effects of the conflict could [...]

  • Rain drives shoppers off high streets in blow to retailers

    March 6, 2026

    This year’s record wet weather has kept Brits indoors and away from the high street, in a blow to retailers as they face growing costs. Retail footfall fell by 4.5 per cent in February year on year, down from January’s 0.6 per cent decrease, according to the British Retail Consortium (BRC). UK retailers are sounding [...]

  • Spring Statement: Reeves’ pro-growth message ‘at odds’ with reality, say retailers

    March 4, 2026

    The pro-growth message delivered by the Chancellor at the spring statement is at odds with the high-cost reality faced by businesses, retail and hospitality leaders have said.  Leaders in the sector have called on the Labour government to deliver urgent reform to the business rates system and slash tax and policy barriers to hiring to [...]

  • Shop price inflation eases in relief for cash-strapped Brits

    March 3, 2026

    Shop price inflation slowed in February, as retailers introduced a raft of promotions to ease the cash burden on struggling shoppers.  The price of goods in UK shops grew at a rate of 1.1 per cent in February year on year, down from the 1.5 per cent rate of inflation seen in January, according to [...]

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