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June cold snap leads to UK consumer spending slump
June’s poor weather saw consumer spending slump as shoppers gave up on their gardens and DIY and bought new televisions to watch the Uefa European Football Championship instead, figures show. Total retail sales across the UK were down by 0.2% on last June, with sales of products other than food down 2.9% year on year, according to the BRC (British Retail Consortium)-KPMG Retail Sales Monitor. Sales of weather-sensitive categories such as clothing and footwear, as well as DIY and gardening, were hit particularly hard, especially compared with the surge in spending during last June’s heatwave. Despite pressure on ... (full story)