Article list

13 October 2020
September saw a slight drop in shopper confidence as tighter restrictions and uncertainty over the EU exit led the news agenda, according to the latest IGD Shopper Confidence Index . September 2020 results Overall confidence slipped to -8 on average for the whole month, down from -7 in August. While the month started at -6, confidence fell to -10 by the end of the month. Remaining at a r...
12 October 2020
The Bank of England and the Prudential Regulation Authority have written to commercial banks , requesting information on operational readiness for zero or negative interest rates. Zero (negative) interest rate policy (ZIRP) has never been implemented in the UK before but has by the EU, Japan, and the USA. In its letter, the Bank emphasises that ZIRP is not currently official policy and n...
09 October 2020
Your overview of political and economic news with a focus on the food and consumer goods industry, featuring the latest guidance on COVID-19 and planning for the end of the transition period with the EU. COVID-19 – Three tier model and support With rising COVID-19 cases and hospital admissions, a new three-tier lockdown system is expected to be announced on Monday. This is expected ...
09 October 2020
As negotiations between the UK and the EU roll on, the possibility of the EU Exit “transition period” ending without a trade deal increases. Businesses trading in food, drink and other consumer goods between the UK and the EU will be impacted by this, facing higher costs and greater operational complexity. Our EU Exit team has created a checklist of activities, focusing on the movement of food ...
09 October 2020
Provisional ONS data shows that the UK economy continued to grow in August 2020, although the rate of growth has slowed somewhat since July. Manufacturing and construction have been particularly affected by the slowdown, but consumer-facing services were more resilient – sales of new motor vehicle made a major contribution to the performance of services. Overall, the UK economy remain...
09 October 2020
The UK government has issued an updated version of the Border Operating Model ( BOM ), which explains how goods will move over the UK border from January 2021. Note that this document, like the previous one, only covers trade between GB and the EU – the special arrangements that will apply to Northern Ireland are not covered. Compared with the previous version, issued in July, the...
09 October 2020
Watch this video to hear the latest on what the UK’s exit from the EU could mean for the food and consumer goods industry. This video will cover: Politics and government Business readiness for EU Exit Economic position Shopper sentiment DOWNLOAD THE SLIDES More economic news and analysis EXPLORE .EconNews { background: #3b1e61; pa...
09 October 2020
Get an insight into the skills that managers and leaders will need in a workplace transformed by new technology, new business models and COVID-19 in this webinar recording with Chartered Management Institute (CMI). “Current and future looking. Very relevant to today and the new future.”  A listener’s feedback on the webinar Watch the recording to build your awareness of the latest ch...
06 October 2020
The Migration Advisory Committee (MAC) has published the results of its review of the Shortage Occupation List (SOL). This will be an essential component of the migration system in the post-EU period. A worker with a Shortage Occupation will gain 20 tradable points , thus making it easier to enter the UK. Shortage Occupation is defined by reference to three criteria: A specif...
06 October 2020
New data from ONS show that UK citizens continued to eat out in September, even though the governments Eat Out to Help Out Scheme had ended. As shown in the chart, eating-out grew in popularity week-by-week through August 2020. This could be a result of diners developed confidence that eating out was safe. Eating out continued through September, suggesting that the activity was driven...