British retail sales fell by much more than expected in October, according to official data that added to other signs of a loss of momentum in the economy in the run-up to the first budget of Prime Minister Keir Starmer's new government.

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Reuters

United Kingdom

UK retail sales dived before new government's budget, ONS says

https://www.bbc.com/news/articles/c4gmy9xldgno Retail sales fell last month as shoppers held back on spending ahead of the Budget, according to official figures.Sales volumes fell by 0.7% in October, the Office for National Statistics (ONS) said, with clothing stores having a “notably poor” month.Speculation over which taxes might be increased ahead of last month’s Budget has been blamed as a… Source

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Government of the United Kingdom

Retail sales fell in October as Budget fears hit spending

Retail sales volumes, which measure the quantity bought, decreased by 0.7% in October, the Office for National Statistics said.

The Independent

Evgeny Lebedev

London

Greater London

England

UK retail sales slide in October amid pre-Budget uncertainty

The Woodbridge Company

Retail sales slumped last month, official figures show, as shoppers held back spending ahead of Rachel Reeves’s Budget.

The Telegraph

Press Holdings

David and Frederick Barclay

Budget blamed as retail sales slump - latest updates

British retail sales fell by much more than expected in October, dropping by 0.7% from September, according to official data that added to other signs of a loss of momentum in the economy early in the term of Prime Minister Keir Starmer.

RTÉ

Government of Ireland

Ireland

UK retail sales fall by more than expected in October

Shropshire Star

MNA Media

Ketley

Shropshire

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

Despite the slump, consumer confidence could already be rebounding, figures show.

Sky News UK

Roberts family

Surprise fall in retail sales a sign economy is slowing after budget

UK retail sales declined more than expected in October, as uncertainty over Chancellor of the Exchequer Rachel Reeves first budget prompted consumers to hold back spending.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

United States

UK Retail Sales Fell More Than Expected Amid Pre-Budget Anxiety

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British retail sales fell much more than expected in October as consumers purchased fewer clothes and food ahead of the Budget. The quantity of goods bought in Great Britain fell 0.7 per cent between September […]

UK retail sales dived before new government's budget, ONS says

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