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BRC: UK Government Should Do 'All It Can' To Prevent Future Price Hikes

Published on Jan 22 2018 8:58 AM in Retail tagged: Featured Post / UK / Inflation / British Retail Consortium / BRC / Paywall

BRC: UK Government Should Do 'All It Can' To Prevent Future Price Hikes

The British Retail Consortium has said that the UK government should do 'all it can' in forthcoming trade talks with the EU, to ensure that the pain of recent price increases is not accelerated by new tariffs on imports.

The BRC made its call on the back of the publication of the latest Retail Sales Index by the Office of National Statistics, which found that fourth quarter retail sales in the UK gained just 0.4%, while the yearly gain of 1.9% was the lowers in four years.

Volume Declines

While sales in value terms were holding up in December, volume sales were down, which Rachel Lund, Head of Retail Insight & Analytics at the BRC said was partly due to a shift in spending into November, as a result of Black Friday.

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