Retail sales tumble across Britain in wet April; energy price cap falls 7% – business live

Retail sales slumped by more than expected in April as wet weather kept shoppers away from the high street
Retail sales across Great Britain in April are much weaker than expected.Economists polled by Reuters had expected a drop of around 0.4% on the month, so they’ll be startled to learn that volumes shrank by 2.3%.The 2.3% m/m fall in retail sales volumes in April was much bigger than most expected (CE forecast -0.5% m/m, consensus -0.4% m/m), due to the unusually wet weather discouragin