tall street sales have beat predictions,but that doesn’t mean the economy is a sunny picture of healthBritain went on a spending spree in April. The shops were full of punters. Online retailers coined it in. Spring brought with it an end to the winter consumer spending blues.
That at least is what the official figures propose. The Office for National Statistics reported that the volume of retail sales rose by 2.3% final month, smashing City expectations. It was enough, and in combination with Donald Trump’s political woes in Washington,to send the pound back through the $1.30 level to its highest since final September. Related: UK retail sales surge despite pay squeeze Continue reading...
Source: theguardian.com