Retail sales slide as UK consumer confidence sinks to record low
by Richard Partington Economics correspondent from on (#5Y2S7)
Expectations around personal finances over the coming year reach depths not seen since the 2008 financial crisis'
Growth in UK retail sales slowed last month as fears over the rising cost of living led to the sharpest drop in consumer confidence since the 2008 financial crisis, according to industry data.
The British Retail Consortium said total sales rose by 3.1% in March compared with the same month a year earlier, significantly down on the 6.7% increase in February and 12-month average growth rate of 10.3%.
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