UK’s retail spending declines in Dec, low expectations for next qtr

UK retail spending expectations fell to -3 in December from +3 in November, with overall spending dropping to +11 from +17, per BRC-Opinium data.
Economic confidence plunged to -27 (-8 pts), while financial outlook stayed at -3.
BRC CEO Helen Dickinson warned of weak demand, £7 billion (~$7.21 billion) in 2025 costs, and potential store closures, urging business rates reform to avoid any strain.Read More