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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:
McArthurGlen confirmed the start of construction of the £160 million designer outlet near Birmingham.
Jul 6, 2018, China:
Alibaba Group debuted its first “FashionAI” concept store.
Jun 29, 2018, Slovenia:
Retail brand by Polish fashion chain LPP is set to open in at CityCenter Celje in Slovenia.
Jun 27, 2018, United Kingdom:
Independent food operator signed for the new dining quarter at The Grafton Cambridge.
Jun 26, 2018, Hungary:
ECE plans to develop a new shopping center in the Hungarian capital.
Jun 22, 2018, USA:
Mall of America owner is moving ahead, planning to bring the nation’s largest project to South Florida.
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