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UK's 2025 budget raises jobless rate forecast and offers little help to struggling retail and fashion sectors.
The UK’s 2025 Autumn Budget prompted economic concerns, with KPMG forecasting a jobless rate rise to 5.2% and limited support for fashion and retail sectors, leaving businesses to manage rising costs amid weak growth.
Meanwhile, the U.S. remains the top apparel market, but China and India are closing the gap due to faster growth.
In India, Fashion for Good launched a free blueprint to help textile factories reduce emissions and water use significantly.
Primark reported progress in sustainability, with 74% of its clothing using preferred materials and improved traceability.
In Europe, Euratex welcomed a Parliament resolution targeting unfair trade practices, urging stronger enforcement against low-cost imports to protect domestic producers.
El presupuesto del Reino Unido para 2025 eleva la previsión de la tasa de desempleo y ofrece poca ayuda a los sectores minorista y de la moda en dificultades.