UK Retail Sales Drop Sharply Amid Inflation Fears
Retail sales in the UK saw a sharp decline in October as consumers tightened their belts due to rising inflation and economic uncertainty, according to the British Retail Consortium.
Retail sales in the UK saw a sharp decline in October as consumers tightened their belts due to rising inflation and economic uncertainty, according to the British Retail Consortium.
Retail sales in the UK show sluggish growth amid rising inflation and cautious consumer spending, with industry leaders urging government action in the upcoming Autumn Budget.
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British retail sales suffer sharpest drop in three years as consumers cut back on non-essentials, with food sales also declining for the first time since 2020.
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Retail sales in the UK have plummeted, prompting calls for Chancellor Jeremy Hunt to intervene. Rising inflation and weak consumer demand continue to squeeze the sector.