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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, United Kingdom:
Marks & Spencer organizes vertical farms in its London grocery stores.
DAY BEFORE YESTERDAY, USA:
Starbucks is preparing to open the world's largest premium coffee shop with on-site roasting.
DAY BEFORE YESTERDAY, USA:
Gap Inc. announces that the brands Athleta and Janie & Jack will be open for franchising outside the U.S.
Sep 12, 2019, USA:
Startup Caper attracts investors with its "basket of the future" project for simple and convenient shopping in supermarkets.
Sep 12, 2019, United Kingdom:
New retail and leisure development to be built near Cheltenham close to J9 of M5 motorway.
Sep 9, 2019, USA:
The new categories allowed Lululemon to increase sales significantly.
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