British retail sales fall unexpectedly in August – business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Retail sales across Britain fell last month, in another sign that the economy cooled over the summer, and as people spent more time eating and drinking in bars and restaurants. Sales volumes fell by 0.9% in August, dashing expectations of a 0.5% rise in sales, and comes after retailers suffered a 2.8% fall in July.

Blame delta variant hysteria.

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