So, like, the economy in the UK? Not looking so hot. According to some fancy data from the British Retail Consortium, things dropped to -48 in April from -35 in March. And people’s wallets? Ouch. Personal financial situations went down to -16 from -10 in March. But hey, at least retail spending went up a bit to +3 in April from 0 in March. Overall spending? Took a slight hit, going from +11 in March to +10 in April. And saving? Well, that went up a tiny bit from -5 in March to -4 in April. Helen Dickinson, the big boss at the British Retail Consortium, said something about Donald Trump’s tariffs messing things up. People are feeling pretty down about the economy, but hey, Easter shopping is coming up so at least there’s that. Grocery spending is expected to go up, especially for the older folks. And the younger crowd? They’re planning on splurging on eating out and beauty products. But with all these tariffs and stuff, confidence is shaky. Retailers are worried about cheap Chinese products flooding the market. The UK needs to step up its game to protect its businesses and consumers.
Trade War Threat Impacts Consumer Sentiment – London Business Report
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