UK retail sales volumes fell by 0.8% last month, as inflation eroded Britons’ spending power
- BREAKING: UK retail sales miss forecasts
- Pound drops
- Retail sales volumes down 0.8% in September, worse than expected
- Annual growth rate falls to four-year low
- Unilever warns that sales slowed
Earlier:
Stock markets are marking the 30th anniversary of Black Monday today, by taking a collective bath into the red.
European markets are down almost 1%, and on track for their worst day in seven weeks (which shows how calm things have been recently).
That is a heck of a move in the out of hours Dow – currently -130 points from Weds close: pic.twitter.com/SBsmLcPDUS
Here’s our news story on the UK retail sales gloom:
Related: UK retail sales slump in September as inflation and wage woes bite