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Evening Standard
Evening Standard
Business
Rhiannon Curry

Fears more High Street stores could collapse as spending falls

BRC KPMG Inflation Morrisons

Total retail sales across the UK fell by 0.3% in April

(Picture: PA Wire)

More retailers could collapse in the coming months as higher inflation and falling incomes force consumers to curb their spending.

Total retail sales across the UK fell by 0.3% in April, according to the latest retail sales monitor from the British Retail Consortium and KPMG, compared to a three-month average growth of 3.2% and a 12-month average growth of 6.4%.

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