Article 6BJNP UK shoppers cut spending amid pressure on Bank of England over inflation

UK shoppers cut spending amid pressure on Bank of England over inflation

by
Anna Isaac
from on (#6BJNP)

Sluggish retail sales and credit card spending figures add to fears for British economy

Consumers are cutting back on purchases amid growing pressure on the Bank of England to tame inflation.

Retail sales increased 5.2% on a like-for-like basis in April compared with the same period a year earlier, according to data from the British Retail Consortium and the consultancy KPMG.

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