Retail sales in Great Britain fall as struggling households cut back
Latest negative economic update comes as John Healey is due to announce budget next week Business live – latest updates Retail sales in Great Britain fell…
The Guardian reports: Latest negative economic update comes as John Healey is due to announce budget next week Business live – latest updates Retail sales in Great Britain fell more steeply than expected last month, the latest negative economic update before the chancellor, John Healey, announces his budget next week.
This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include Great Britain, John Healey and Business.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- Great Britain, John Healey, Business, Retail
- Section
- Business
- Figure cited
- The Office for National Statistics (ONS) said the volume of goods sold fell 0.4% month on month in September, much steeper than economists’ consensus expectations of a 0.1% fall. (The Guardian)
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
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