UK retail sales tumble amid Covid-19 lockdown, but alcohol demand soars - business live

The record drop in UK retail sales last month shows that consumption is falling fast under the lockdown, says Thomas Pugh of Capital Economics: At one end, there were clear signs the pandemic was keeping consumers away from the high street, non-food sales excluding petrol and online sales were down by 19.4% m/m, with an especially sharp 34.8% m/m fall in clothing sales. And petrol sales declined by 18.9% m/m. Department store sales did rise by 2.

Natalie91231732 Quite right, priorities

Well obviously if the majority of shops are closed but off licences are deemed essential

Yooooooo we all going to be alcoholics once we start living our existence again Watch out 😏

Funny that Stella is in this pic. Stella and cabernet sauvignon have become my daily 'relaxy-taxi' ritual.

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UK government borrowing to surge as Covid-19 recession hits - business liveRolling coverage of the latest economic and financial news Investigative journalism has no bounds. if you apply rules such as equations you get dumbfounding remarks but if you borrow you can't pay toy licence fees according to disturbing thinking but who or what are you borrowing surely you are increasing the scope of monetary supply, thereby not borrowing jph2020 And guess who'll be paying it back....
Source: The Guardian - 🏆 84. / 53 Read more »