Surprise fall in December sales damages chancellor’s claims that UK economy is on right track
Retail sales in Great Britain plummetBusiness live – latest updates
The UK economy was probably in recession during the second half of 2023 if the latest retail sales figures are anything to go by.
A surprise 3.2% slump in the level of sales in Great Britain during December appears to show the cost of living crisis was continuing to hurt household finances despite a rise in wages that gave many consumers a bit more spending power.
Continue reading…Surprise fall in December sales damages chancellor’s claims that UK economy is on right trackRetail sales in Great Britain plummetBusiness live – latest updatesThe UK economy was probably in recession during the second half of 2023 if the latest retail sales figures are anything to go by.A surprise 3.2% slump in the level of sales in Great Britain during December appears to show the cost of living crisis was continuing to hurt household finances despite a rise in wages that gave many consumers a bit more spending power. Continue reading…