Drop of 2.4% in three months to October is worst quarterly performance since March 2021
Retail sales in Great Britain slumped in the three months to October as the pressure of inflation hitting a 41-year high and soaring energy prices forced households to cut budgets and dramatically rein in spending.
The Office for National Statistics (ONS) said retail sales fell by 2.4% in the quarter compared with the previous three months, with volumes in September and October falling below pre-pandemic levels for the first time.
Drop of 2.4% in three months to October is worst quarterly performance since March 2021Retail sales in Great Britain slumped in the three months to October as the pressure of inflation hitting a 41-year high and soaring energy prices forced households to cut budgets and dramatically rein in spending.The Office for National Statistics (ONS) said retail sales fell by 2.4% in the quarter compared with the previous three months, with volumes in September and October falling below pre-pandemic levels for the first time. Continue reading…
