In miserable May everyone looked to escape
So-called “awful April” with skyrocketing bills for water, energy, council tax and broadband wasn’t as bad as forecast, with spending boosted by the shift of Easter weekend into April. Led by a boom in spending on the home, above all DIY and electrical, and boosted by sunny weather, it belied its name. While it looked like a spending upturn was finally under way, last month – “miserable” May? – proved a let down. Retail sales according to the British Retail Consortium were up just 1%, led by food, with fashion and big ticket items falling back. Barclays gave a similar […]
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