Sales growth slows
Weak growth in retail sales during October shows that the effects of increased interest rates are starting to bite, according to the British Retail Consortium (BRC).
Its monthly Retail Sales Monitor (RSM) for October showed a 1% rise on a like-for-like basis, compared to October last year, when sales were up 2.6%.
The growth is the weakest since last November's 0.5% rise, the BRC said.
