As Retail sales fell sharply in August as the rise in the cost of living put pressure on households, figures show.
Sales fell by 1.6%, much larger than economists predicted, continuing a slide since the summer of 2021, the Office for National Statistics said.
Retail sales in all the main sectors – food, non-food, online and fuel – fell over the month. (source: BBC).
Many other businesses are also being affected by global uncertainty, the cost of living, the war in Ukraine and other factors.
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