Pre-Christmas trading off to poor start with weakest growth non-food spending in more than five years, says BRCBritain’s hard-pressed retailers have urged the chancellor to deliver a budget for shoppers later this month after the latest snapshot of activity in the high street showed consumers under further pressure in October.The British Retail Consortium said like-for-like sales in October had fallen 1% compared with the same period last year. The key pre-Christmas trading period had started poorly for both stores and online traders, the BRC said, warning that the recent rise in interest rates from the Bank of England threatened to make consumers even more cautious. Continue reading…
Via: Retailers urge 'shoppers' budget' as figures point to squeeze
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