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 Clifford Beaumont: UK Retail Sales Tumble- Clifford Beaumont: UK Retail Sales Tumble
- November 20, 2017
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Clifford Beaumont: UK consumer spending at 13 year low in October as BoE increases rates for first time in more than a decade.
UK consumer spending dropped at its most accelerated rate in more than a decade. The last October to see consumers restrict spending as much was October 2008.
With inflation rising, consumers drastically reduced their purchases of non-essential and non-food goods according to a recent survey by Taipei, Taiwan-based investment boutique, Clifford Beaumont.
According to the BRC (British Retail Consortium), retail sales figures decreased by 1.0 percent on a yearly basis, which discounts shift...
- View more at: https://www.1888pressrelease.com/clifford-beaumont-uk-retail-sales-tumble-pr-624861.html
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