UK retailers are hoping for a last-minute surge in spending this December, following a fall in consumer spending last month. Statistics show that UK retail sales dropped in November, with shoppers spending 0.1% less than they did in October this year, and nearly 3% less than they did in December last year.
Retail sales in the United Kingdom have remained flat for the past three months, and economists have called this slump in spending “the worst since September 2011”. What is the underlying cause of this notably slow festive spending season, which has become something of an ongoing trend in the UK?
