Economic news

UK retail sales fall ahead of June 8 elections

UK retail sales fell last month as consumers felt the rising inflation and weak pay growth, according to the British Retail Consortium data.

Sales in shops sunk by 4.4% in May after a significant bounce in April.

When inflation continues to grow, and wage growth stagnates, consumers are in a difficult situation, Paul Martin, UK head of retail at KPMG, said.

The figures underscore the problem caused by the weak economy due to the last June’s Brexit vote. Now this has become a key issue for the new government after the June 8 general elections.

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