Retail sales in Great Britain fall as struggling households cut back

Latest negative economic update comes as John Healey prepares to announce budget next week Business live – latest updates Retail sales in Great Britain fell more steeply than expected last month, the latest negative economic update before the chancellor, John Healey, announces his budget next week.

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The Office for National Statistics (ONS) said the volume of goods sold fell 0.4% month on month in September, much steeper than economists’ consensus expectations of a 0.1% fall. Continue reading...