UK retail took a big hit in December 2017
UK retail sales fell by 1.5% in December 2017, marking an awful end to what turned out to be the weakest year for retail since 2013.
The figures, from the Office for National Statistics (ONS), that even though Q4 saw a slight rise of 0.4%, the December slump meant that the quarter showed the weakest quarterly growth since the 1.2% fall in Q1 2017.
This brings the total growth for the year to 1.9%. 2017 had been marked by higher inflation hitting the spending power of consumers.
“With retailers such as...