UK retail sales dive as consumers feel Brexit inflation pinch

Rising prices and pay squeeze send consumer spending growth falling to levels last seen in 2013 Retail sales volumes dived by a worse-than-expected 1.2% in May, as rising prices depressed annual consumer spending growth to levels last seen in 2013.Furniture sellers were among the worst hit as consumers diverted their spending to essential items and food, a trend reinforced by a profit warning from sofa specialist DFS. Continue reading...