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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



TODAY, USA:
Iconic luxury label Tom Ford will open boutiques at two premier locations in Houston and Atlanta.
TODAY, Poland:
The long-awaited Galeria Mlociny shopping and entertainment center opens in Warsaw.
TODAY, Latvia:
The premium and accessible fashion brand, & Other Stories, opens its first Baltic Store in Galleria Riga.
YESTERDAY, United Kingdom:
The British department store chain Marks & Spencer will accelerate the pace of closing stores as part of a large-scale business reorganization.
DAY BEFORE YESTERDAY, USA:
Forbes has listed the world's ten largest food retailers.
May 17, 2019, USA:
Thousands of New Yorkers celebrated the grand opening of Empire Outlets, New York City's first-ever outlet center.
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