Bleak UK shopping and borrowing data underscore challenge for new PM | Economic Times

Bleak UK shopping and borrowing data underscore challenge for new PM https://ift.tt/ebnkPip published on Friday added to signs that Britain's economy faces a recession which could be deepened by new finance minister Jeremy Hunt's plans to stem a crisis in financial markets after the brief term of Prime Minister Liz Truss. Retail sales volumes fell by 1.4% from August - almost three times the 0.5% fall in a Reuters poll of economists - taking them below their pre-coronavirus pandemic level.