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15 Jun 2021

Rishi Sunak has rejected business demands for an extension of the furlough scheme and business rates relief, despite a four-week delay in the easing of Covid-19 restrictions now set for 19 July.

12 Jun 2021

Hubtiger, the software developed for bike shops has launched its latest feature to help increase income of the bike shops.

10 Jun 2021

During the Maybe* Masterclass you'll discover each month which Bike shops have had the most social media engagement and why. but we want to find a time that suits you the best. Let us know...

10 Jun 2021

The FCA have announced that they have extended the deadline for implementing Strong Customer Authentication (SCA) for e-commerce transactions to 14 March 2022.

10 Jun 2021

The HomeOffice has asked businesses to take part in the Commercial Victimisation Survey (CVS)- an important survey on the nature, extent and cost of crimes against businesses in England and...

10 Jun 2021

Maybe* has profiled the social media performance of the ACT Gold and Silver members to compile the top 10 by social media performance

8 Jun 2021

Cycling UK today launches the Big Bike Revival, an initiative that will fix bikes for free and aims to get thousands more people cycling for everyday journeys. The programme is being delivered...

2 Jun 2021

The campaign's organisers are asking the public to "pledge a few pounds" to independent retailers across the weekend

1 Jun 2021

The Together for our Planet campaign encourages small businesses to pledge to cut their emissions to net zero by 2050 or sooner, while helping them grow, adapt and seize new opportunities.

28 May 2021

The Cycling Marketing Board has united with the ACT and other leading cycle organisations into one powerful voice, with a single mission - to get more people riding bikes, more often.

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'Optimism is in the air' according to BRC Economic Briefing Report

Posted on in Business News , Cycles News

'Optimism is in the air', according to the British Retail Consortium's (BRC) Economic Briefing Report reported by IRC member BIRA.

The latest UK economic data has been significantly better than expected. GDP fell by 2.9% in January compared to December, beating expectations of a drop of 4.9%. OBR forecast in March that the UK economy would regain its pre-pandemic size in the Q3 2022, six months earlier than it forecast in November.

Key insights from the new research reveals the following:

  • The latest UK economic data has been significantly better than expected. GDP fell by 2.9% in January compared to December, beating expectations of a drop of 4.9%. OBR forecast in March that the UK economy would regain its pre-pandemic size in the Q3 2022, six months earlier than it forecast in November.
  • Unemployment, unexpectedly, fell to 5% in January and the number of UK furloughs dropped by 5% in February. It looks like the economy has learnt to cope with health restrictions and can operate at higher capacity.
  • BRC-KPMG sales rose in February by 1.0%, although Non-Food sales remained in negative territory (-5.5% over the three months to February).
  • But the better-than-expected performance of the UK economy was overshadowed by January trade figures, with EU food exports down 75.5% on the year and EU food imports down 24.8%.
  • However, there is a strong optimism for a robust rebound from households and businesses alike.

 

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