Government urged to help struggling households with rising energy bills; budget uncertainty hits retail sales – business live
Rolling coverage of the latest economic and financial newsAverage annual energy bill to rise to £1,738 in Great Britain from JanuaryWhat is the energy price cap and can I cut my bill?Retail sales across Britain have dropped, as uncertainty before last month’s budget hit consumers.The Office for National Statistics has reported that retail sales volumes fell by 0.7% in October, ending a three-month run of growth.“Retail sales fell back in October following three months of growth. The fall was driven by a notably poor month for clothing stores, but retailers across the board reported consumers held back on spending ahead of the Budget.“However, when we look at the wider trend, retail sales are increasing across the three month and annual periods, although they remain below pre-pandemic levels.” Continue reading...
Rolling coverage of the latest economic and financial news
- Average annual energy bill to rise to £1,738 in Great Britain from January
- What is the energy price cap and can I cut my bill?
Retail sales across Britain have dropped, as uncertainty before last month’s budget hit consumers.
The Office for National Statistics has reported that retail sales volumes fell by 0.7% in October, ending a three-month run of growth.
“Retail sales fell back in October following three months of growth. The fall was driven by a notably poor month for clothing stores, but retailers across the board reported consumers held back on spending ahead of the Budget.
“However, when we look at the wider trend, retail sales are increasing across the three month and annual periods, although they remain below pre-pandemic levels.” Continue reading...
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