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UK retail unexpectedly increased



Britain's economy is being bolstered by consumers due to a strengthening in the housing market, pay increases & bonuses, subsiding inflation, and the low interest rates. 
Britain's economy is being bolstered by consumers due to a strengthening in the housing market, pay increases & bonuses, subsiding inflation, and the low interest rates. 

The pound previously at $1.6570 has risen to $1.6627. Yet for some like Alan Clarke, an economist from Scotiabank, it is thought that this kind of growth cannot be sustained.  

Policymakers have indicated that for a recovery to last, spending will need to expand beyond retailers into investments and exports. The head Britain retailer, Next, has issued a statement that the growth has been prompted through an unsustainable increase in consumer borrowing.  The Bank of England has recognized the surging housing prices in London and made has preparations to help rein in the dangers of lending at the current pace.  

While the retail sales growth has slowed in the last month, most believe it is a result of a later Mother’s Day and Easter occurring in the year but have confidence that all sales figures will rebound in April.

More about shopping malls in the United Kingdom

YESTERDAY, USA:
Walmart representatives said that some of the restrictions imposed by the pandemic would be extended indefinitely.
DAY BEFORE YESTERDAY, China:
The company expects a return to pre-crisis indicators by the end of the second quarter.
DAY BEFORE YESTERDAY, USA:
Simon Property Group, the largest landlord in the United States, has filed a claim for almost $66 million in unpaid rent.
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The live online broadcast of the fashion show will showcase models and clothing created using 3D technology.
Jun 2, 2020, USA:
The prolonged retail apocalypse, multiplied by the coronavirus pandemic, will result in massive retail store closures across the United States.
Jun 2, 2020, USA:
During the protests in New York City, unknown people looted a number of shops in the Chelsea, Soho, Flatiron, and Midtown areas.
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