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UK Retail Spending Growth Hits Four-Month Low Ahead of Budget

The British Retail Consortium reports subdued consumer spending in September as shoppers await the forthcoming budget announcement.

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Terms & Concepts
  • Retail Spending Growth: The rate at which consumer expenditures on retail goods and services increase over a specific period.
  • British Retail Consortium (BRC): A trade association for UK retailers, providing market data, lobbying, and industry representation.