UK retail recovery slows sharply as Covid rise deters shoppers


Consumer spending’s loss of momentum in October signals flatlining of broader economy

Britain’s retail recovery slowed sharply this month as the second wave of the Covid-19 pandemic persuaded many shoppers to hold back on planned purchases.

The loss of momentum, which affected retail and wholesale businesses, cut short a surge in sales during the third quarter and signalled a flatlining of the broader economy, which has relied heavily on consumer spending to boost growth.

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