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flag UK retail sales dropped 0.7% in October, surpassing forecasts and raising concerns about rising costs.

flag UK retail sales volumes fell by 0.7% in October, exceeding economists' predictions of a 0.3% drop. flag The decline, attributed to consumers delaying spending ahead of the Budget and mild weather affecting clothing sales, follows three months of growth. flag Despite the fall, annual trends still show an increase, though sales remain below pre-pandemic levels. flag Retailers warn of increased costs leading to potential job cuts and price hikes.

5 months ago
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