Article 40DSE Sharp slowdown in consumer spending cools UK retail sales

Sharp slowdown in consumer spending cools UK retail sales

by
Richard Partington Economics correspondent
from Economics | The Guardian on (#40DSE)

World Cup-inspired summer spree ends as total sales growth slumps, figures show

Britain's retailers experienced a sharp slowdown in consumer spending last month, bringing to a close the World Cup-inspired summer spree on the high street.

According to the British Retail Consortium (BRC) and the accountancy firm KPMG, growth in total sales dropped to the weakest level in almost a year.

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