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Shopper footfall down on last January but up on disappointing Christmas

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Shopper footfall down on last January but up on disappointing Christmas



Shopper footfall rallied in January compared with the disappointing Christmas but remained down on a year earlier, figures show.

Although shopper visits across the UK as a whole were down 0.6% on last January, this was an improvement on the 2.9% decline seen in December, according to British Retail Consortium (BRC)-Sensormatic data.

High street visits fell by a steeper 1.9% year-on-year in January, down from the 0.9% drop seen in December, while shopping centre footfall fell by 0.8% in January but improved from the 5.1% plunge over Christmas.

The best performing cities were in the north, where shopper traffic was hit badly by severe storms last year, and retail parks also recorded positive growth as customers made the most of free parking to shop in person during the January sales.

Scotland recorded the strongest year-on-year growth in footfall, up 5.1%, with Northern Ireland also seeing significant growth of 3.8%.

By contrast, footfall fell across the rest of the UK – by 1.4% in England and 2.8% in Wales.

BRC chief executive Helen Dickinson said: “Although footfall edged down in January compared to a year earlier, it was much better than the disappointing Christmas period.

“An uptick in consumer confidence and possible signs of a footfall recovery offer some cautious optimism for some spring-like green shoots.”

Andy Sumpter from Sensormatic said: “January offered a welcome reset for UK retail, with footfall recording its best performance in five months.

“Some of this uplift will have been driven by savvier spending behaviours, as consumers took advantage of new year promotions and sought out value after a stretched festive period.

“Storm Goretti, however, put a dampener on activity in parts of the month, disrupting travel and suppressing visits — a reminder that weather can play an outsized role in shaping shopper behaviour.”



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RBI sees no signs of excess credit risk, keeps countercyclical capital buffer inactive

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RBI sees no signs of excess credit risk, keeps countercyclical capital buffer inactive


The Reserve Bank of India (RBI) on Monday decided against activating the countercyclical capital buffer (CCyB), indicating that current financial and credit conditions do not warrant an additional capital requirement for banks, PTI reported.The central bank said the decision followed a review and empirical assessment of indicators used under the CCyB framework.“Based on review and empirical analysis of CCyB indicators, it has been decided that it is not necessary to activate CCyB at this point in time,” RBI said in a statement.Under the RBI (Commercial Banks – Prudential Norms on Capital Adequacy) Directions, 2025, the CCyB framework is activated when financial conditions indicate rising systemic risks linked to excessive credit growth.The framework primarily relies on the credit-to-GDP gap as a key indicator, along with supplementary metrics.According to the RBI, the CCyB mechanism is intended to serve two broad objectives.Firstly, it requires a bank to build up a buffer of capital in good times, which may be used to maintain the flow of credit to the real sector in difficult times.Secondly, it achieves the broader macro-prudential goal of restricting the banking sector from indiscriminate lending in the periods of excess credit growth that have often been associated with the building up of system-wide risk.The framework was introduced globally after the 2008 financial crisis as part of measures proposed by the Group of Central Bank Governors and Heads of Supervision (GHOS) under the Basel framework to strengthen financial system resilience.



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Ford boss hints at return of Fiesta as an electric model

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Ford boss hints at return of Fiesta as an electric model



The company has announced plans to build seven new models in Europe including a small electric hatchback.



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UK growth forecast upgraded by IMF but ‘risks’ remain

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UK growth forecast upgraded by IMF but ‘risks’ remain


“Today’s policymaking is constrained by a more volatile external environment with more frequent and overlapping shocks, a rising public interest bill, in part reflecting market concerns with countries’ elevated debt, and the long-standing challenge of weak productivity growth,” he said.



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