UK retail sales plunge as government borrows £8.8bn

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Borrowing was highest for a January since modern records began

The closure of non-essential stores hit two sectors – clothing and footwear, and household goods – particularly hard. Clothing sales were down 35% from December, while household goods registered a drop of almost 20%.data found that with the closure of stores on high streets and in shopping centres, consumers switched to buying online. Online spending accounted for a record 35.2% of sales last month, up from 29.6% in December 2020 and 19.5% in January 2020.

 

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We'd still be £13bill up without Dido

Brexit or Pandemic to blame?

Shops all open in France 0 conséquence health wise.

Rishi answer to everything?Just conjure up another billion,fk it why not?There will be a huge run on British Banks soon.Mark my words.

Keep those shops closed ! 😱

Thank God for bringing bitcoin to man,it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. Seeking for proper management DM markdonaldAmeli to get started

That is not news, because everyone knows, if we can't go shopping the business has no turn over. No shopping no business. Good for your carbon footprint. Cheers.

Yet day after day we hear the stock market is fine...

Shutting the shops and enriching online tax dodgers will do that

Government borrow from who. I guess in debt we trust

Borrowing from who? And why? Our government can create money..

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