Shrinkflation to help push up UK Christmas spending by £105, as cautious customers hold back – business live

Rolling coverage of the latest economic and financial newsShoppers cut back on non-essential items to add to UK retail gloomUK clothing retailer Quiz has issued a sales warning to the stock markets, after a disappointing Black Friday.Quiz told shareholders that sales in October and November had been below management expectations, which it blamed on the cost of living and inflationary pressures for hitting customer demand during the financial year.As a result, the near-term outlook is difficult t