CBI health check reveals UK Christmas shopping splurge
by Larry Elliott Economics editor from on (#25Y8N)
December sales beat forecasts but shops expect spending power to wane in 2017 as weak pound fuels inflation
Retailers have been enjoying their strongest sales growth in more than a year amid signs from Britain's leading employers' organisation of a pre-Christmas consumer spending spree.
The latest health check of high street and online activity from the CBI found that sales so far in December beat expectations, were above average for the time of year, and led to retailers beefing up their orders to suppliers.
Related: Brexit and price hikes push up the cost of Christmas for Britons
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