U.K. Retail Sales Fall More Than Forecast as Prices Bite
- Volume of goods sold in stores and online down 1.4% in March
- People cut discretionary spending and non-essential journeys
The fall in retail sales was driven by sales of food, clothing, footwear, and fuel.
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U.K. retail sales plunged more than forecast in March as the cost-of-living crisis squeezed incomes and consumers braced for higher taxes and energy bills.