Article 4AC85 UK retailers suffer weaker sales due to Brexit uncertainty

UK retailers suffer weaker sales due to Brexit uncertainty

by
Richard Partington
from on (#4AC85)

Total growth drops to 0.5% in the year to February, down from 1.6% a year earlier

Britain's retailers suffered from weaker sales last month as mounting uncertainty over the UK's departure from the EU led to consumers becoming more wary of making bigger purchases before Brexit.

In the latest evidence that momentum in the economy is fading during the weeks before Britain is scheduled to formally leave the EU, the British Retail Consortium (BRC) and accountancy firm KPMG said that total sales growth dropped to 0.5% in the year to February, down from 1.6% a year earlier.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments