The UK retail industry suffered its worst year on record in 2019, with sales falling for the first time in 24 years. The British Retail Consortium (BRC)/KPMG Retail Sales Monitor showed a 0.1 per cent decline in total sales last year compared with growth of 1.2 per cent in a tough climate in 2018. The BRC said the performance was the weakest since comparable records began in 1995. The downturn Read More….
Month: January 2020
According to Bank of England Governor Mark Carney, central banks might not be able to stop a sharp economic downturn as ever since the global financial crisis, they have used up much of their usual monetary policy arsenal. “It’s generally true that there’s much less ammunition for all the major central banks than they previously had and I’m of the opinion that this situation will persist for some time,” Carney Read More….