Home Business news Retail sales in Great Britain flatline as households continue to feel squeeze

Retail sales in Great Britain flatline as households continue to feel squeeze

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Shoppers cut back, with figures likely to increase pressure on Bank of England over interest rates

Retail sales in Great Britain unexpectedly stalled in March as consumers cut back on spending because of the cost of living, according to new data.

British retail sales volumes grew 0% in March after an increase of 0.1% in February, according to the Office for National Statistics.

Continue reading…Shoppers cut back, with figures likely to increase pressure on Bank of England over interest ratesBusiness live – latest updatesRetail sales in Great Britain unexpectedly stalled in March as consumers cut back on spending because of the cost of living, according to new data.British retail sales volumes grew 0% in March after an increase of 0.1% in February, according to the Office for National Statistics. Continue reading…