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Evening Standard
Evening Standard
Business
Josie Clarke

Retailers suffer ‘disappointing’ August as household bill increases loom

A woman shielding herself with an umbrella from an intense heatwave along Edgware Road, London (PA) - (PA Wire)

Retailers suffered a disappointing August as looming household bill increases saw consumers reining in their spending, figures show.

Total UK retail sales increased by just 0.7% year on year, plunging from last August’s 3.1% and below the 12-month average growth of 1.6%, according to the British Retail Consortium (BRC) and KPMG.

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