Card payments now account for nearly 90% of all retail transactions in the U.K. The findings from the British Retail Consortium’s (BRC) 2022 Payments Survey reveal that debit cards have continued to gain ground as the preferred payment method in the U.K., accounting for 67.28%...
In the past week, observers of global retail trends have received the latest statistics from Eurostat, which show that retail sales in the EU fell 0.2% in August for a 1.3% year-on-year decline. A more significant decrease was observed in the eurozone, where the figures...
The U.K. retail recovery continues, but at a snail’s pace. According to the British Retail Consortium, U.K. foot traffic decreased by 42.1 percent in July over 2019 levels, an improvement from June’s 62.6 percent and below the three-month average decline of 61.6 percent. The trade...
The Bank of England (BoE) is excluding many businesses from its short-term loans for coronavirus-related relief, critics say, by including restrictions based on credit ratings and short-term commercial paper use, according the Financial Times. In a letter to the BoE this week, the British Retail...
August 07, 2020
The U.K. retail recovery continues, but at a snail’s pace. According to the British Retail Consortium, U.K. foot traffic decreased by 42.1 percent in July over 2019 levels, an improvement from June’s 62.6 percent and below the three-month average decline of 61.6 percent. The trade group’s survey also showed that the reopening of pubs and […]
March 19, 2020
The Bank of England (BoE) is excluding many businesses from its short-term loans for coronavirus-related relief, critics say, by including restrictions based on credit ratings and short-term commercial paper use,...
October 07, 2019
After the British Retail Consortium (BRC) indicated the weakest growth in eCommerce and high street spending since the survey began in the mid-90s, merchants have called for the government to...
September 12, 2018
Cash purchases in the U.K. fell 1 percent last year, and now account for just 22 percent of purchases in the country. Data from the British Retail Consortium (BRC) showed that...
