Retail sales jump in April driven by cigarettes and alcohol

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Retail sales jump in April driven by cigarettes and alcohol
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Sales of alcohol and tobacco were the main driver behind a surprise rise in overall UK retail sales in April.

"Whilst food spend has been largely unchanged, which suggests people are still being cautious, spend on alcohol and tobacco has soared," she added.Energy bills push price rises to 40-year high April saw the first impact of the latest jump in energy costs, with millions of people facing an unprecedented £700-a-year increase in bills.

Over the three months to the end of April, sales overall edged down by 0.3%, which revealed a longer downward trend, the ONS said. AJ Bell's Ms Hewson said summer would be the time for "postponed events and much anticipated holidays". Surveys also suggest consumer confidence has taken a hit. The long-running GfK consumer confidence index fell by two points in May to -40, the lowest score since the survey began in 1974."This means consumer confidence is now weaker than in the darkest days of the global banking crisis, the impact of Brexit on the economy, or the Covid shutdown," he said.

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