UK Retail Sales Plunge Unexpectedly, Escalating Recession Fears Before Key Holiday Period
UK retail sales unexpectedly plunged in October, with volumes falling by 1.2% over the month, significantly exceeding economists' predictions and deepening concerns about a looming technical recession. This broad-based decline across most retail sectors, driven by persistent cost-of-living pressures, casts a dark shadow over the crucial upcoming holiday shopping season for businesses nationwide.