Nick Gladding News Today

UK spending will be lower in real terms than last year as savings have been depleted and inflation remains high, say analysts

A new report from GlobalData suggests that retail growth in 2023 will not match last year’s 6.2% increase as consumers shop more cautiously.

The collapse of UK homewares retailer Wilko is likely to present rival discount retailers with an opportunity for further growth.

The UK Value, Discount, Variety Stores and General Merchandise Retail channel is set to grow by 5% per year taking its value to £59.4bn in 2027 as more