Consumers are making significant cutbacks in their discretionary spending as unemployment, inflation and depressed wage growth take a bite out of disposable income.
By value, over half of all general merchandise retail sales will be influenced by the internet this Christmas, according to business advisory firm Deloitte.
HM Treasury has today announced that, from 1 April 2012, a VAT relief known as low value consignment relief (which at present applies to single items priced at £15 or less) will no longer apply to goods sent to the UK from the Channel Islands.
Cost reduction is the top priority in 2009 for senior executives in the food and beverage industry according to a new report, Food and Beverage 2012, from the business advisory firm Deloitte.
UK consumers are responding to the economic crisis by reducing the amount of money they plan to spend on credit cards this Christmas, according to research by Deloitte, the advisory firm.