UK shoppers rein in spending despite sales as cost of living crisis takes toll
British Retail Consortium says sales growth slowed in January amid soaring costs for energy and food British consumers sharply cut their spending in January as the cost of living crisis damaged household finances, retailers have warned, amid growing concern over the impact of high inflation on the economy. The British Retail Consortium (BRC) said sales […]
The UK may avoid a recession for now but it won’t feel like it for many
Jeremy Hunt is not getting carried away by November growth, and monthly GDP moves can be erratic UK economy grew by only 0.1% in November Business live updates: UK may avoid 2022 recession In normal circumstances the fact that the UK economy eked out a bit of growth in November would be of little relevance, […]
UK economy grew by only 0.1% in November
Figure comes as people began Christmas shopping, while World Cup gave pubs and bars a boost UK may avoid recession but it won’t feel like it for many Business live updates: UK may avoid 2022 recession The UK economy unexpectedly grew by 0.1% in November as consumers headed to the shops in the run-up to […]