Pre-Christmas trading gets off to poor start as clothing and footwear sales slump by 9%,main to fears for UK economyUK retailers had a bleak October as shoppers shunned stores and carve back on spending, raising fears over the health of the UK economy.Consumer spending shrank by 2% in October, and the fastest year-on-year decline in four years,according to credit card provider Visa. This is the fifth monthly decline in six months, and was driven by a 5% decline in spending on the high street.
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Source: guardian.co.uk