Retail sales slowed last month as household budgets were squeezed by high interest rates and inflation.
Sales grew by 2.5% on an annual basis in October, according to figures compiled by the British Retail Consortium and KPMG. That is the second slowest increase this year and is well below the rate of inflation, meaning consumption contracted in real terms.
The sales growth rate slipped from 2.7% in September and was below a rolling three-month average increase of 3.1%.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
