Article 4303Z Retail sales slide as shoppers tighten purse strings before Brexit

Retail sales slide as shoppers tighten purse strings before Brexit

by
Phillip Inman Economics correspondent
from Economics | The Guardian on (#4303Z)

Volumes fall 0.5% in October as gloom engulfs high street amid growing jitters over EU divorce

Retail sales fell in October, adding to the gloom on the British high street as official figures showed that shoppers kept a tight rein on spending amid growing Brexit uncertainty.

Sales volumes dropped by 0.5% from September, in contrast to forecasts in a Reuters poll of economists for a rise of 0.2%.

Related: Pound tumbles as UK markets suffer Brexit deal volatility

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