Economic news

Britain retail sales dive at fastest pace since 2009 – CBI

UK retail sales tumbled in October at the fastest rate since March 2009 as consumers cut back spending amid higher inflation.

Retail sales slumped to -36, its trough since financial crisis, according to the data from the Confederation of British Industry's distributive trades.

Despite Wednesday’s impressive third quarter GDP figures, the forecast for the economy in near future is cautious at best, and further complicated by uncertainty over the Brexit deal with the EU.

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