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BreakingviewsCapital Calls: UKâs retail surge papers over hidden nasties
Reuters
1 minute read
People shop in the Selfridges department store on Oxford street, as the coronavirus disease (COVID-19) restrictions ease, in London, Britain April 12, 2021. REUTERS/Henry Nicholls
Concise insights on global finance. -
RETAIL THERAPY. British shoppers are back in force but maybe not for long. Retail sales jumped 9.2% in April when physical stores reopened after months of Covid-related restrictions. The surge was more than double the 4.5% rise economists had expected read more . Pent-up demand from shoppers confined to their homes, unseasonably chilly weather and a burst of consumer confidence following better-than-expected unemployment data all explain the spending splurge.