Article 4GEG8 Retailers warn of fresh wave of job losses and store closures

Retailers warn of fresh wave of job losses and store closures

by
Larry Elliott Economics editor
from Economics | The Guardian on (#4GEG8)

British Retail Consortium says sales are down 2.7%, blaming uncertainty over Brexit

Britain's retailers are warning of a fresh wave of job losses and store closures after its health check of consumer spending showed the biggest drop in almost a quarter of a century last month.

Blaming the political uncertainty that also led to a contraction in manufacturing, the British Retail Consortium (BRC) said sales were down 2.7% - the weakest performance since it began its monthly survey in 1995.

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