uk economy news and archive

UK luxury sector worth 81 billion pounds to the economy

The British luxury sector is now worth 81 billion pounds annually to the UK economy, supporting more than 450,000 jobs across various sectors, making it one of the top industry drivers of the economy, according to a new report from Walpole. The ‘Luxury in the Making’ report from the industry body that represents more than 250 British luxury...

Report

Brexit tops consumers concerns for 2017

London - Although it is the start of a new year, worries from 2016 have leaked into 2017 as Brexit is listed as the main concern for UK consumers this year. Together with a weaker economy and rising inflation, these issues are likely to define 2017 for UK consumers, as more than a quarter of consumers (28 percent) surveyed by research firm...