Record inflation and war in Ukraine hit UK demand; retail sales fall – business live

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Record inflation and war in Ukraine hit UK demand; retail sales fall – business live
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Retail sales fall as consumers cut back on fuel and food spending amid UK cost of living crisis – business live

Good weather usually means sunnier times for retail, and firms will hope that the summer months can play a small part in stimulating waning confidence among a general public coping with the harsh realities of rising prices everywhere they turn. In reality, each day brings fresh warnings from business leaders that prices will likely continue to climb, driving consumer confidence in the wrong direction for retailers.

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