Retail sales in Great Britain saw a 0.7% decline in October, the first drop in three months, as consumers postponed spending due to budget uncertainty.
Clothing stores faced the largest decline with a 3.1% drop in sales, reflecting consumers tightening their budgets ahead of anticipated tax increases.
Despite the October decline, quarterly sales increased by 0.8%, indicating a potential positive trend after the uncertainty surrounding the budget settles.
Analysts predict better retail outlook as household incomes rise, following a period of strong wage growth and low inflation, amidst budget concerns.
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