UK shops slash prices as coronavirus causes sales to plummet

Deepest monthly price cuts for 15 years as desperate retailers try to encourage consumer spending

British retailers struggling during the coronavirus pandemic have cut their prices by the most in a month since 2006, according to industry figures revealing the scale of the economic fallout.

The British Retail Consortium (BRC) and Nielsen said shop prices fell by 2.4% in May following a decline of 1.7% in April as people continued to stay away from the high street during lockdown.