Lower retail prices drive shops into deflation March 4, 2025 Prices in UK shops continued to fall in February, as discounting in retail offset high grocery prices. Shop prices fell by 0.7 per cent year on year in February against a decline of 0.7 per cent in January, driven by a 2.1 per cent drop in retail prices. “Discounting is still widespread in fashion as [...]
Business rates to more than double in ‘final blow’ to UK retailers January 21, 2025 Business rates are set to rise more than 140 per cent for thousands of high street businesses across the UK in yet another cost pressure for brick-and-mortar businesses. Business rates, which are levied on all commercial properties, were cut by 75 per cent in 2022 as high street stores found themselves unable to cope during [...]