Perhaps unsurprisingly, recent figures have shown that retail footfall declined in November and was expected to fall by 62% over the six-week period leading up to 22 December. This is clearly a very challenging period for the retail sector, especially for those small...
Introduction In this article, we are going to be discussing COVID-19 spending habits. The use of cash is declining quicker The amount of cash being used was decreasing before the coronavirus lockdown and the coronavirus pandemic has only sped this up. Customers are...
The latest figures from the Office for National Statistics certainly suggest that the retail sector is slowly recovering since the coronavirus crisis. In July 2020 the volume of retail sales increased by 3.6% and is 3% higher than pre-pandemic levels in February 2020....
Contactless spend limit to be increased; COVID-19 On 1 April the spending limit for contactless card payments will be increased from £30 to £45. This is an attempt to reduce the use of paper money during the COVID-19 pandemic. This decision has been made by the...
During this difficult time Hawsons are here to help and support their clients as best they can The Government has announced new measures to help businesses through this difficult time. The first being the tax helpline to support businesses affected by coronavirus. If...
Bank of England Update for Businesses and Households During this difficult time for businesses and households, the Bank of England has put together a list of sites where you can find the latest updates from the Government. The following has been circulated by the bank...
UK consumer confidence increases in final quarter of 2019 With retail sales decreasing in December and 2019 being the worst year for retail in 25 years it comes as a surprise that consumer confidence actually increased by 0.5% in the final quarter of 2019. As...
Retail sales on the rise After a disappointing end to 2019, British consumers began to spend again in January with sales volume increasing by 0.9% after December’s decrease of 0.5%. This increase in sales was much larger than that expected by economists and the...
For the first time in 25 years retail sales dropped in 2019 according to the leading UK retail industry body, total sales decreased by 0.1% compared to 2018. Sales during the Christmas period were particularly weak falling 0.9% in November and December (data from the...
Perhaps unsurprisingly, recent figures have shown that retail footfall declined in November and was expected to fall by 62% over the six-week period leading up to 22 December. This is clearly a very challenging period for the retail sector, especially for those small...
Introduction In this article, we are going to be discussing COVID-19 spending habits. The use of cash is declining quicker The amount of cash being used was decreasing before the coronavirus lockdown and the coronavirus pandemic has only sped this up. Customers are...
The latest figures from the Office for National Statistics certainly suggest that the retail sector is slowly recovering since the coronavirus crisis. In July 2020 the volume of retail sales increased by 3.6% and is 3% higher than pre-pandemic levels in February 2020....