UK Retail Recovery From Pandemic
UK Retail Recovery From Pandemic
Britain’s economy is set to record a rapid rebound for the third quarter. Retail sales data showed a record 17.4% increase in sales volumes for the period. The UK economy is particularly affected by the volume of retail sales. Most of its economic growth comes from retail sales.
Lack of consumer confidence and increasing COVID cases does not mean retail sales will face a setback in 4th quarter. Unemployment levels in UK could well hit UK retail sales which is why government support to save and create jobs is so important at almost any short term cost. Paying the debt can wait until later.