In a sign of resilience for the UK economy, January figures from the British Retail Consortium indicate that consumer spending climbed by 2.7%. This marks a significant acceleration, effectively doubling the rate of growth observed in December. A 3.8% expansion in food sales, coupled with a 1.7% rise in non-food items, helped drive these results beyond initial expectations. These positive metrics stand in contrast to the prevailing political uncertainty, a complex issue that appears unlikely to reach a conclusion in the near term.
#economy #markets #UK #retailsales