Retail Sales In UK Are Back At PrePandemic Levels Already
Retail Sales In UK Are Back At PrePandemic Levels Already
Retail sales in UK have bounced back V shaped style to prepandemic levels
Think back and look back a couple of months. The human pain from lost lives drove a fear in the retail marketplace. As tragic deaths grew retail sales collapsed in the UK. Some retailers benefited like supermarkets and food sales but non food sales shrank painfully.
Now food sales remain strong but non food sales are coming back. The total retail sales data from the UK Office for National Statistics say that there has been a V shaped recovery in total retail sales. The UK economy is built on retail sales so maybe a V shaped recovery in UK economy as a whole is on track by October.
Around 80 percent of UK economic growth is on the back of the UK consumer. If UK consumers back the retail sector they back a V shaped economic recovery in the UK. What this means for you is that you are more likely to keep your job get a pay rise and sustain your lifestyle in the UK.
Oodles of cash has been saved over the pandemic in the UK by UK consumers. It is time for big ticket items to be purchased to boost your lifestyle and the UK economy. Dine out this August to get 50 percent off your meals and save a few more jobs!
A v shaped economic recovery by October is doable if you wash your hands socially distance and spend spend spend!