Additional Factors to Brexit are to Blame for Sluggish Retail Sales
Late 2017, the UK waited to see how much growth the economy had achieved in the third quarter. The findings were that economic growth for 2017 was halved compared with its performance in the previous three years (2014-2016). During that three-year period, the UK ranked at the top in terms of economic growth within the G7.
Towards the end of 2017, when the economy grew at a slower rate than experts initially thought it would, it left the UK lagging further behind other major economies. The Office for National Statistics (ONS) reported that retail sales fell 1.5 percent last month. …