According to data released by the Office for National Statistics, UK GDP grew by 0.1% in February 2022. This marks a slowdown in the monthly rate of growth, after January’s uptick of 0.8%. On an annual basis, GDP was up by 9.5% in February, with this growth rate being supported by the low base witnessed in...
Nationwide’s latest Spending Report tracked c190m transactions made by members in February Overall spending down 9% vs January: Non-essential spending down 4% and essential spend down 12% 15% increase in spending in February on utilities and other bills versus 2021 as cost of living rises But spending on holidays and getaways flies in face of...
The Office for National Statistics reports that November 2021 to January 2022 saw the overall number of vacancies reaching another record high of 1,298,400, though the rate of growth continues to slow. In November 2021 to January 2022, the total number of vacancies increased by 113,600 in the quarter, with the largest increase of vacancies...
Government has published its Levelling Up the United Kingdom report, which says that not everyone shares equally in the UK’s success. The forward begins: “While talent is spread equally across our country, opportunity is not. Levelling up is a mission to challenge, and change, that unfairness. Levelling up means giving everyone the opportunity to flourish....
The Office for National Statistics (ONS) has published the results of their latest business impact survey, which covers the period from 29 December 2021 to 9 January 2022. It shows that while 76.7% of all businesses are fully trading at the moment, accommodation and food services is the sector most impacted by Omicron with only...
The latest wave of the Office for National Statistics (ONS) survey on the social impacts of Coronavirus has been published. This covers the Christmas/New Year period, with the survey being undertaken between 15 December 2021 and 3 January 2022. Some of the results which show the impact on tourism and hospitality businesses are that: Only...
The Confederation of British Industry (CBI) in its Economic Forecast has said that a booster for business investment is needed to sustain the recovery and unleash UK’s potential. Headlines from the Forecast include: GDP growth expected to be 6.9% this year, 5.1% in 2022 and 3.0% in 2023 Unemployment rate to fall back to 3.8%...
While report is focussed on more traditional retailers, RSM (an NCC member) believes that there may be some synergy between this and leisure vehicle retailers. What lies ahead for mid-market retailers? This week sees the publication of RSM’s report exploring the future of retail. What’s in store? brings together the findings of a survey...
The latest wave of the Office for National Statistics’ (ONS) survey on the social impacts of COVID has been published. Some of the main findings are: 65% of adults reported travelling to work (fulltime or hybrid) in the past seven days, which is an increase of 8% from last week – so the trend for...
The Office for National Statistics (ONS) has published research on the impact of COVID on household spending in the year to March 2021 (i.e. covering the lockdown periods). The key findings from the research are: Households reduced their spending by an average of £109.10 (19%) a week Higher income households, who tended to spend more...