UK retail sector may be in recession before key Christmas sales season
by Richard Partington, Mark Sweney and Sarah Butler from World news | The Guardian on (#6FQJE)
Mild weather in September and cost of living crisis lead to reduction in spending
British consumers cut back on spending last month, according to official figures, amid growing fears the retail industry has plunged into a recession before the key festive shopping season.
Figures from the Office for National Statistics showed retail sales volumes in Great Britain fell by 0.9% in September compared with a month earlier, as mild weather limited sales of colder weather gear and consumers cut back on non-essential spending.
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