Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Business
Chelsie Napiza

Britain's Retail Slump Deepens After Fuel Costs Rise and Consumer Confidence Suffers Biggest Fall Since COVID

UK retail sales fell 0.4% in September while consumer confidence suffered its steepest monthly drop since 2020 ahead of the Budget, amid inflation and interest-rate fears (Credit: Bruno Martins/Unsplash)

British retail sales fell more sharply than expected in September, and shoppers' confidence then saw its steepest monthly drop since the early stages of the COVID-19 pandemic.

Sales volumes in Great Britain dropped 0.4 per cent, according to the Office for National Statistics, against economists' forecasts of a 0.1 per cent fall. Fuel volumes rose even as prices climbed further, while unseasonably warm weather weighed on sales of autumn and winter clothing.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.