3 Things You Should Know About Gigabit Vouchers If You Are In Rural Areas

3 Things You Should Know About Gigabit Vouchers If You Are In Rural Areas

The Government is providing up to £210m worth of voucher funding as immediate help for people experiencing slow broadband speeds in rural areas. Vouchers worth up to £1,500 for homes and £3,500 for businesses help to cover the costs of installing gigabit broadband to people’s doorsteps. What is Gigabit Voucher? The government is committed to delivering lightning-fast, reliable gigabit-capable broadband to everyone in the UK as soon as possible, working hard with broadband providers to accelerate their commercial development plans. For hard to reach areas where broadband is more costly to build, the government is investing £5 billion to ensure places are not left behind. The […]

Every day 6 billion euros “escape” London! Great losses after Brexit

Every day 6 billion euros “escape” London! Great losses after Brexit

After Brexit, the country stopped complying with a series of rules and regulations under the EU regulatory framework. It started to promote bilateral economic and trade relations by the UK and the EU’s new laws after Brexit. Almost from the very beginning, the new post-Brexit regulations have had devastating consequences for the UK’s consumer, logistics and financial industries. Consumers have to pay more than 20% extra After the Brexit, British consumers found that they had to pay extra when buying goods online from EU sellers. The additional cost mainly comes from value-added tax or business tax. Before Brexit, as a […]

Online purchases from EU are getting more expensive

Online purchases from EU are getting more expensive

Some shoppers have found their purchases from EU stores getting more expensive. It’s because not all charges are covered by a Brexit trade deal between the UK and EU. So what are these fees and how can you avoid them? I want to buy a £50 jumper from the EU, what do I need to know? Value added tax (VAT), a sales tax, has always been required on EU goods. And since Brexit, the way it is applied has changed. Previously, you would have paid the local VAT rate. So if you bought your jumper from a shop in Sweden, […]

More than half of U.K. consumers prefer digital shopping

More than half of U.K. consumers prefer digital shopping

Adventuring to different markets worldwide, PYMNTS continues to document how the digital shift that caught fire in 2020 continues shaping spend trends and consumer sentiments. The January 2021 Global Digital Shopping Index: United Kingdom Edition is based on a survey of more than 2,000 consumers and 560 merchants in the U.K. Among important findings of the new study is this: “The U.K. stands out in our study for the scale of its digital shopping shift: 54 percent of U.K. consumers now prefer wholly in-store shopping experiences. The rest are more inclined toward digital native shopping experiences in which they shop online and […]

The cost of rapid growth in UK e-commerce

The cost of rapid growth in UK e-commerce

2020 is drawing to a close, and the UK’s 11-month Brexit transition period is about to end on the first day of 2021. After four years of struggling and the replacement of three prime ministers, after the two general elections, how will the Brexit negotiations finally end? Britain may leave the EU, and the trillion-euro trade will disintegrate soon On December 10, local time, the British Prime Minister stated that it is “very likely” that the UK will leave the European Union without a deal and said that “now is the time” for businesses and individuals to prepare a no-deal […]

UK e-commerce GMV during the holiday season may reach 36.4 billion USD

UK e-commerce GMV during the holiday season may reach 36.4 billion USD

The development of the British e-commerce market is very mature. Up to now, the GMV brought by the British e-commerce market has accounted for 30.9% of its entire retail industry this year, second only to China (41.2%). The UK’s logistics, delivery and warehousing Infrastructure and other aspects are relatively complete. Bill Fisher, a senior analyst at eMarketer, said, “We expect that e-commerce GMV will increase by about 16.7% in the UK holiday season this year, and the logistics and delivery in the UK market seem to be ready for a busier holiday season than usual.” Besides, some consumers have already […]

Increasing pressures on the U.K. retail sector

Increasing pressures on the U.K. retail sector

The retail sector has changed radically in recent years. Factors driving these changes include internet retailing, store closures and other changes on the high street, and an increasing consumer preference for large multi-purpose malls. Since 2007, the retail sector with the most stores affected by company failures has been the clothing sector, accounting for 25% of all stores affected. Off licences accounted for 16% of stores affected and footwear stores accounted for 13% of stores affected. The Local Data Company collects information on town centres in Great Britain. The vacancy rate varies by type of retail premises and region, compared […]