Article list

12 August 2020
Early data from ONS shows that the UK economy is now in recession (defined as two consecutive quarters of declining economic output). Output fell by 2.2% in Q1 2020, then fell by 20.4% in Q2. Click here for 'Coronavirus and the impact on output in the UK economy: June 2020' from GOV.UK. This is the most severe economic contraction on record. Equally noteworthy is the reason for co...
11 August 2020
The First Minister in Scotland has announced that following an increase in COVID-19 cases in Aberdeen, the following restrictions have taken effect from 5 August. Bars, restaurants, cafes and pubs will be required to close People cannot meet other households indoors or travel more than five miles for leisure or recreational purposes Indoor visits to hospitals and care homes s...
11 August 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 - Test and trace PHE and the NHS are working to provide updated guidance on when people will need to self-isolate having come into contact with someone who has tested posit...
11 August 2020
In IGD’s Monthly Economics Download, we cover the key issues impacting the food and consumer goods industry. This month, we bring you up to speed on the latest covid-19 and EU Exit news, our take on the government’s new obesity strategy and initial thoughts on part 1 of the National Food Strategy. .embed-container{ position: relative; padding-bottom: 56%; height: 0; min-heigh...
11 August 2020
Findings from the Opinions and Lifestyle Survey (29 July – 02 August) run by the Office for National Statistics reveal the following impact of COVID-19 on people: 37% would feel comfortable eating indoors at a restaurant (34% last week) 21% who had left their homes had visited a café, pub or restaurant this week (10% 8-12 July’20) 96% of adults who have left home have worn a face co...
11 August 2020
The government has issued detailed new guidance on how the Northern Ireland Protocol will be implemented from January 2021, assuming there is no trade deal with the EU. The Protocol will mean a change to logistics practice for any business sending goods from Great Britain to Northern Ireland (although not to trade in the other direction or trade between Northern Ireland and the E...
11 August 2020
Following an increase in COVID-19 cases in Northern Ireland, The Northern Ireland Executive has made the following announcements: The use of face coverings in certain indoor settings, including shops, is mandatory from Monday, August 10 the reopening of bars, pubs and private members’ clubs selling only drink has been put on hold until at least September 1 See link for further d...
11 August 2020
ONS has released new data on the state of the UK labour market, with some measures now available up to July 2020. The number of employees in the UK fell steadily from February onwards, although it is likely that much of this loss was accounted for by reduced recruitment rather than by redundancies – the number of unfilled job vacancies remains very low. The number of unemployed peo...
07 August 2020
Shopper confidence is starting to experience regional differences as local lockdowns become a reality across the country, according to the latest IGD Shopper Confidence Index. While overall confidence remains relatively low, the latest results also reveal distinct differences emerging between demographic groups. July 2020 results The IGD Shopper Confidence Index comes in at -8 for July, w...
06 August 2020
The Bank of England has issued a new edition of the Monetary Policy Report , exploring the performance of the UK economy, and explaining monetary policy decisions. At a global level, some large economies are showing signs of a “ v-shaped ” economic recovery, a sharp pick-up from the economic impact of coronavirus, although this recovery has been driven by extreme and untested polic...