UK Retail Sales Slump in New Blow to Limping Economy

British shoppers drew back on spending, a new sign of pessimism in an economy struggling to gain momentum.

Retail sales volumes were 2.7% lower on month in May, the country's Office for National Statistics said Friday, ending a streak of four straight months of rising sales to April as the weather improved and easing price inflation encouraged consumers to loosen the purse strings. May's drop was the sharpest on month since the end of 2023, and was driven by...

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