Britain’s May Retail Sales Unexpectedly Drop As Consumers Flock to Restaurants
The UK’s retail sales unexpectedly dipped month over month in May as consumers forgo shopping to dine in restaurants, although the figures remained above the pre-COVID-19 levels, the Office for National Statistics said Friday. Headline retail sales fell 1.4% in May on a monthly basis, while core retail sales, which Continue Reading
British Economy to Recover to Pre-Pandemic Levels by End of 2021, CBI Says
The UK’s gross domestic product is expected to return to pre-COVID-19 levels by the end of 2021, a year ahead of the original guidance, the Confederation of British Industry said Friday. The CBI expects GDP growth of 8.2% in 2021 and 6.1% in 2022, compared with the previous forecast of Continue Reading