Retail sales in Great Britain flatline as households continue to feel squeeze

2 weeks ago 19

Shoppers cut back in March, with data likely to increase pressure on Bank of England over interest rates

Retail sales in Great Britain unexpectedly stalled in March as consumers cut back on spending because of the cost of living, according to new data.

British retail sales volumes stagnated at 0% in March after an increase of 0.1% in February, according to the Office for National Statistics.