Prime Minister Theresa May says Britain is seeking an “ambitious” trade deal for both the UK and Europe once it exits the European Union, adding that she does not want to mimic the current arrangements.
New figures have revealed that any plans among the big four supermarkets to build to stores have hit a snag.
Parliament must vote on whether to trigger Article 50 to begin the process of leaving the EU after the High Court rejected Prime Minister Theresa May’s attempts to bypass the legislature.
Tesco’s shares made a giant leap forward as they closed 10% higher after a rise in sales.
The UK has been surpassed by France on the economic table due to the uncertainty surrounding Brexit.
Morrisons, the fourth biggest UK supermarket chain, has revealed that it is cutting the price of “essential” meat and poultry in their stores.
According to the reliably informed Business trends report from the BDO, optimism is returning to the economy after slumping to a three-year low in the immediate wake of Brexit.
Experts believe that if Britain’s high street price war continues, one of the major supermarkets could be wiped out.
Figures have shown that the British retailers have had their strongest sales in six months, as Germany has suffered over summer.
Steinhoff International has agreed to pay Poundland chain £597 million in a takeover deal.
South African retail group Steinhoff International currently own 40 retail brands across 30 countries including UK chains Harveys and Bensons for Beds.
On the 24th June it was revealed that United Kingdom voted to leave the EU after a lengthy campaigning from both sides.
Now that the UK is no longer in the EU the country have not establish new trading agreements, currently the EU has in force 32 trade agreements.
Research published this month has revealed that discounters’ rates are now surpassing supermarkets.
Local Data Company (LDC) report has found that discounters have grown by 52% in the last five year, whilst supermarkets grew by just 33%.
