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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.

The fall in retail sales was driven by sales of food, clothing, footwear, and fuel.

Photographer: Anthony Devlin/Bloomberg
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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.