Article 4JRJM Consumer spending at weakest since mid-90s amid Brexit chaos – BRC

Consumer spending at weakest since mid-90s amid Brexit chaos – BRC

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

Retailers say total sales fell by 1.3% in June while annual rate of growth slowed to 0.6%

Fears that Britain's economy has come to a standstill have been heightened by a report from retailers showing annual consumer spending at its weakest since their records began in the mid-1990s.

The British Retail Consortium said clarity over Brexit was urgently required after falling sales in June came as a marked contrast to the bumper World Cup and weather-related activity of a year earlier.

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