Brits hit by the cost of living crisis are cutting back on shopping from clothes and furniture to essentials like food, latest data shows.
Shoppers are being forced to choose more carefully how to spend their money as real wages don’t keep pace with inflation and the knock on effect is that retail businesses are seeing a notable drop in sales.
While the decline in retail sales slowed last month, down by 0.1%, this was largely down to the boost in food trade as people celebrated the Queen’s Platinium Jubilee, and in May it dropped by 0.8%, according to the Office for National Statistics (ONS).
