CBI news and archive

Retailers see fastest drop in June sales since 2009 financial crisis

UK retail sales volumes in June fell at the fastest rate since March 2009, according to a new report by the CBI (Confederation of British Industry). The CBI’s monthly retail sales balance fell to -42 from -27 in May. Grocers were the largest contributors to the fall in sales volumes, with the hardware & DIY and footwear & leather sub-sectors...

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Sales flat in January as retailers stockpile for no-deal Brexit

Retail sales stabilised in the year to January, remaining well below average for the time of year, but are expected to grow in February, according to new data from the CBI Distributive Trades Survey. Sales volumes fell in the majority of retail sub-sectors, with clothing (-43 percent) and footwear and leather (-53 percent) posting particularly...

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Business leaders criticise Theresa May's Brexit 'Plan B'

British business leaders have criticised the ‘Plan B’ speech that Theresa May gave in parliament, saying that it offers nothing new to her Brexit deal, and does little to break the parliamentary deadlock. Theresa May was obliged to deliver a ‘Plan B’ statement to MPs under the EU Withdrawal Act following the landslide 432 to 202 vote defeat of...