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UK Retail Sales Plunge 3.2% in December, Raising Recession Fears – Official Data

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UK retail sales plummeted by 3.2% in December, raising fears of a recession, according to official data. The slump, the largest in three years, was largely driven by poor performance in food stores and consumer concerns over the cost-of-living crisis and rising interest rates. The decline in sales volumes could have political implications as the UK enters an election year. Measures such as fiscal stimulus and policies to boost consumer confidence may be necessary to mitigate recession risks.

UK Consumer Inflation Rises to 4.0% in December, Surpassing Expectations

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UK consumer inflation exceeds expectations, rising to 4.0% in December, driven by a hike in tobacco duty. Economists predict inflation will decline in the coming months, potentially leading to an interest rate cut.

Credit Crunch Intensifies: Three Macro Events on the Horizon

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Is a credit crunch imminent? Find out from expert Kevin C Smith as he predicts a financial asset meltdown, gold demand surge, and commodity boom. Read now.

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UK Retail Sales Plunge 3.2% in December, Raising Recession Fears – Official Data

Business 0
UK retail sales plummeted by 3.2% in December, raising fears of a recession, according to official data. The slump, the largest in three years, was largely driven by poor performance in food stores and consumer concerns over the cost-of-living crisis and rising interest rates. The decline in sales volumes could have political implications as the UK enters an election year. Measures such as fiscal stimulus and policies to boost consumer confidence may be necessary to mitigate recession risks.

UK Consumer Inflation Rises to 4.0% in December, Surpassing Expectations

Business 0
UK consumer inflation exceeds expectations, rising to 4.0% in December, driven by a hike in tobacco duty. Economists predict inflation will decline in the coming months, potentially leading to an interest rate cut.

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