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UK shoppers cut spending by most since COVID lockdown in 2021


British shoppers facing a surge in inflation cut their spending in May by the most since the country was in a coronavirus lockdown in early 2021, according to a survey published on Tuesday. The British Retail Consortium (BRC) said total retail spending was 1.1% lower than a year earlier, the biggest fall since January last year and representing an acceleration from April's 0.3% decline.

Reuters - June 7, 2022

View the full story here: https://www.reuters.com/markets/europe/uk-shoppers-cut-spending-by-most-since-covid-lockdown-2021-2022-06-06/