Qualified advisers answering your
Financial Questions
call 0800 092 1245

Conflicting news from the UK high street

Today's confirmation that like-for-like sales on the UK high street fell by 0.1% in August, compared to August 2008, were a disappointment to many to say the least. The British Retail Consortium believes the retail sales rose in June and July due to the hot weather and significant discounts available especially in the clothing and furniture markets. However, August was a very different picture with only food sales increasing on a like-for-like basis while the sale of footwear, clothing, furniture and homewares were significantly down.

This is yet another disappointment for the UK retail sector after a number of companies reported increased demand over the last few months. Aside from the fact there will obviously be good months and bad months as we approach an eventual recovery in the sector, it is the fickle attitude of the UK consumer which is causing most concern within retail circles.

When you also consider that the UK government has pumped billions upon billions of pounds into the quantitative easing program, reduced VAT and generally tried to revive the UK economy, what will happen when these particular support programs are removed?

There is no doubt that the UK economy needs to be able to stand on its own 2 feet over the next few months although at this moment in time this seems as far away as ever.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details