Retail sales in the UK suffer a downturn
The Office of National Statistics reported that despite major discounting, retail sales in the UK in all main retail sectors except food fell by 0.1 percent in October, and by 0.3 percent if fuel sales are ignored. Chief Economic Advisor to the EY Item Club Howard Archer stated that this was probably due to uncertainties caused by the upcoming Brexit deadline, a stagnating domestic economy, and a volatile global economic environment.
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