BRC - Bank of England Virtual Directors' Roundtable: 11th February 2026

Rob Elder from the Bank of England talked to members.  He summarised the Bank of England’s latest economic forecast and policy discussions.  See this link to that material which includes a video from the Bank’s Governor.

Retailer views:

The conversation highlighted continued fragility in retail demand, with our retail members noting cautious consumer behaviour due to pressures on disposable income. Cost challenges remain elevated across labour, supply chain, rents and business rates (for some), leading many businesses to prioritise productivity gains and not to replace staff who leave.

Retailers expressed a steady focus on managing inflation‑related pressures. Employment costs and labour market conditions continue to be major concerns.

The next Bank of England Directors’ Roundtable will be held at the Bank on Wednesday, 30th September 2026 at 12.30pm. It’s a chance for retailers to share views on customer demand, hiring, costs, and other business challenges. Rob Elder will give a short update on the Bank’s outlook and answer questions.

 

Click below to register