image sourced from original article at Britain's High Street retailers have endured their worst month since the Covid-19 lockdown, as sales fell at the sharpest rate since April 2020, according to the Confederation of British Industry. The downturn reflects mounting pressure on household spending amid weak economic conditions and rising global uncertainty.
Retailers expect sales to continue declining at a similar pace next month, raising fresh concerns about the strength of the United Kingdom economy. Separate data showed private sector growth slowing to its weakest level in six months, while manufacturers faced the steepest rise in costs since the aftermath of Black Wednesday in 1992.
The conflict in the Middle East has intensified energy price pressures, adding to the strain on businesses and consumers. The Confederation of British Industry warned that higher employment costs and new worker rights measures could further burden firms, urging the government to take additional steps to reduce the cost of doing business and support struggling retailers.
