
The introduction of an UK online sales tax has the “overwhelming” support of both retail landlords and retail clients, a survey by Colliers shows. Some 89% of those surveyed agreed to a new tax.
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The introduction of an UK online sales tax has the “overwhelming” support of both retail landlords and retail clients, a survey by Colliers shows. Some 89% of those surveyed agreed to a new tax.
Booming online shopping, with the addition of Covid and Brexit, means demand for UK warehousing and transport systems has increased by 88% over the past decade and is 21% higher than in 2019, a new report claims.
The UK’s economy grew 0.1% in February, official figures showed on Monday, and while that growth had slowed from January’s +0.8%, there was a crumb of good news for retail as it seems that tourists are returning.
UK consumers stayed cautious and retail sales were unimpressive in February with volumes down 0.3% month-on-month, although they were still 3.7% above their pre-Covid February 2020 levels.
If there was one example of the demise of formalwear and the rise of more casual clothing, it's the fact that the formal suit is no longer being included in the UK's list that makes up the Consumer Prices Index.
Pet collars and casual clothing are replacing takeaway doughnuts and men's two-piece suits this year as Britain's statisticians update their inflation calculations to account for pandemic trends.
UK retail sales growth was better than expected last month but clothing and department stores remained below pre-pandemic levels, official stats showed on Friday.
Consumer prices for British shoppers rose again in January, increasing at their fastest annual pace in almost three decades, with the prices of clothing and footwear influencing the rise.
The UK's ONS has issued its official December retail sales figures and they're fairly bleak. Clothing stores and department stores reported falls of 8% and 6.3%, and were also below levels in February 2020.
In the month before the Omicron variant emerged, UK retail sales continued to advance with fashion sales proving strong, the country's statistics agency said on Friday. But it's unclear how December will play out.