Retail slump raises spectre of recession as Hunt looks more Truss-like by the day

Retail slump raises spectre of recession as Hunt looks more Truss-like by the day
By: The Guardian Posted On: January 19, 2024 View: 7

Surprise fall in December sales damages chancellor’s claims that UK economy is on right trackRetail sales in Great Britain plummetBusiness live – latest updatesThe UK economy was probably in recession during the second half of 2023 if the latest retail sales figures are anything to go by.A surprise 3.2% slump in the level of sales in Great Britain during December appears to show the cost of living crisis was continuing to hurt household finances despite a rise in wages that gave many consumers a bit more spending power. Continue reading...

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