Footfall in High Streets improves

Footfall Monitor: BRC

  • Footfall in February was 0.8% higher than a year ago, an improvement on the 4.6% decline in January.
  • Footfall improved on high streets with a 2.7% increase compared with a year earlier, the strongest growth since December 2011.
  • Footfall in shopping centres (-1.6%) and out-of-town (-1.5%) locations fell; however, this is a significant improvement on January’s figures.

European Inflation

European Inflation: Eurostat

  • Euro area annual inflation was 1.8% in February 2013 , down from 2.0% in January. A year earlier the rate was 2.7%. Monthly inflation was 0.4% in February 2013.
  • European Union annual inflation was 2.0% in February 2013, down from 2.1% in January. A year earlier the rate was 2.9%. Monthly inflation was 0.4% in February 2013

Wealth of the Average Household: Great Britain, 2008/10

Wealth of the Average Household: Great Britain, 2008/10: ONS

  • In 2008/10, middle wealth households had total wealth of between £158,000 and £317,000.
  • Almost nine in ten middle wealth households owned their main residence.
  • Over three in five middle wealth households were headed by an employed or self employed individual.

SME finance – 2012 in review

SME Finance Monitor: BDRC

  • In Q4 2012, 41% of SMEs reported using any external finance, virtually unchanged from either Q3 2012, or the equivalent Q4 in 2011.
  • Larger SMEs remained more likely to be using external finance than smaller ones, but the proportion is declining over time.
  • Half of all SMEs had some ‘personal’ element to their business finance, while a third met the definition of a ‘Permanent non seeker’ of finance, and this proportion of SMEs is increasing gradually over time.
  • The proportion making a profit was stable, but smaller profits are being reported and there has been a slight increase in the proportion of SMEs with a worse than average external risk rating

Minimum Income Standard

Minimum Income Standard for the UK

  • The Minimum Income Standard is the income that people need in order to reach a minimum socially acceptable standard of living in the United Kingdom today, based on what members of the public think. Requirements for each household type specify how much they need to spend and what they need to earn in order to reach this standard.
  • A minimum standard of living in Britain today includes, but is more than just, food, clothes and shelter. It is about having what you need in order to have the opportunities and choices necessary to participate in society.
  • A Minimum Income Standard in the United Kingdom is an ongoing programme of research to define what level of income is needed to allow a minimum acceptable standard of living in the UK today.