UK retail sales slump as inflation squeezes consumers – business live

UK retail sales volumes fell by 0.8% last month, as inflation eroded Britons’ spending power


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:

Here’s our news story on the UK retail sales gloom:

Related: UK retail sales slump in September as inflation and wage woes bite

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