Consumer Confidence

UK Retail Sales Plunged Before New Government's Budget: ONS

British retail sales fell by much more than expected in October, according to official data that added to other signs of a loss of momentum in the economy.

UK Consumer Spending Slowed Before Last Week's Budget, Retailers Say

British consumer spending grew only modestly last month as uncertainty in the run-up to finance minister Rachel Reeves' 30 October budget and rising e...

Chinese Retailers Embrace GenAI To Boost Sales, Survey Finds

Chinese retailers are investing in AI to boost sales with more than half (52%) of the country's e-commerce platforms having used at least one generative AI...

UK's Reeves Extends England's Business Rates Relief For Retail And Hospitality

Shops, cafes and pubs in England had a reprieve from a jump in business rates next year after British finance minister Rachel Reeves extended a relief sche...

UK Budget Weighs On Consumer Confidence, Survey Shows

British consumer confidence fell to the lowest level since March as concerns about possible tax hikes dented sentiment in the lead-up to the...

LVMH Sales Fall 3% As Demand For Luxury Goods Worsens In China

LVMH reported a 3% fall in third-quarter sales, undershooting estimates in its first decline in quarterly sales since the pandemic as demand in China and J...

Sainsbury's Boss Looks To UK Budget To Lift Spending Gloom

Britons bruised by a cost of living crisis will not start spending strongly again until the new Labour government sets out its tax and spending plans.