British retailers endured their worst September since at least the mid-1990s as people spent money on entertainment instead, according to surveys that painted a muted picture of household demand ahead of Brexit
) said a disappointing start to autumn trading was down to unusually warm weather in parts of Britain, rather than shoppers holding back on buying new items because of Brexit.
“With four months of negative sales growth since March, the ongoing political gridlock surrounding Brexit is harming both consumers and retailers,” BRC chief executive Helen Dickinson said. “We continue to look for only a modest slowdown in year-over-year growth in households’ real spending to 1.8% in 2020, from 1.9% this year,” he wrote in a note to clients.
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