UK retailers' confidence collapses to 17-year low before budget

UK retailers face steepest confidence drop in 17 years amid budget fears By Investing.com

UK retailers face steepest confidence drop in 17 years amid budget fears

UK retailers' confidence collapses to 17-year low before budget

British retailers have reported the sharpest drop in confidence in 17 years and their sales fell again ahead of Wednesday's budget which is likely to include tax increases, according to a survey published on Tuesday.

Fashion retail industry seeks certainty as delayed Budget looms

Drapers Fashion retail industry seeks certainty as delayed Budget looms UK fashion and retail businesses are bracing for today’s Budget, as confidence falters and industry leaders warn that government cannot afford to miss the chance for meaningful reform.The post Fashion retail industry seeks certainty as delayed Budget looms appeared first on Drapers.

Retail confidence falls at its fastest rate since 2008

Confidence amongst retailers has dropped at its fastest rate in 17 years as firms become increasingly pessimistic about their fortunes amid high taxes and low spending. Retailers expect demand to remain subdued heading into December, with sales set to fall again – albeit at a somewhat slower pace, according to the CBI’s latest quarterly Distributive Trades Survey. With demand still weak and uncertainty mounting ahead of the Budget, retailers pla…

UK retail sentiment hits 17-year low ahead of Autumn Budget

UK retail sentiment deteriorated sharply in November, with the CBI’s quarterly Distributive Trades Survey showing confidence plunging to its worst level in 17 years. Firms expect their business situation to worsen over the coming quarter, with the index sliding to -35% from -10% in August. Sales volumes also contracted at a faster pace, with the […] The post UK retail sentiment hits 17-year low ahead of Autumn Budget appeared first on Action For…

UK retailers look to Black Friday and budget for sales boost amid tax pressures

UK retailers look to Black Friday and budget for sales boost amid tax pressures