UK Retail Sales Fall At Fastest Pace Since Late 2017: CBI

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“The UK economy needs another driver if it is not to have a significant slowdown in 2017. to the pound’s fall since June’s vote to leave the European Union. There are signs this has started. Data.

 · The CBI’s survey of 129 companies was conducted between April 29 and May 14 — after the EU allowed Britain to delay Brexit until late October to.

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CBI. 2017. The data showed negligible growth in household spending and flat business investment. A separate report suggested the malaise will continue. The Confederation of British Industry said.

Retail job cuts have hit their highest rate since records began nearly a decade ago thanks in part to automation and wage increases. According to the British retail consortium (brc) retailers.

They expected to cut investment in land and businesses at the fastest pace since 2010, the survey showed. The CBI said the volume of work also declined in the consumer services industry, albeit at.

The rise in employment across the retail sector is anticipated to be the fastest since May 2002 when. rises being delayed until late next year or 2016 will boost sales in the last quarter after a.

 · UK retail sales contract at fastest pace since 2009. Proving how much of knife edge the UK economy is on at present, data out earlier today showed that UK retail sales volumes contracted at their fastest pace since 2009. The Confederation of Business Industry reported that the cooler weather and Brexit stockpiling are the reasons for the slowdown.

 · That resulted in the fastest average sales pace since Redfin began tracking in 2010. The typical home went under contract in just 49 days, down from 60 days a year ago.

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 · Since 2005, sales at “food services and drinking places” have grown twice as fast as all other retail spending. In 2016, for the first time ever, Americans spent more money in restaurants and.

 · Pound V euro: GBP rate drops against EUR as UK retail sales worsen THE pound has declined against the euro today following news that UK retail sales were worse than expected.