A worrying sign for retailers ahead of Christmas as consumers rein in their spending by much more than economists had forecast
It has added to fears that plunging consumer spending - the main engine of the UK economy - will tip the country into recession.
Retailers will be hoping that the government's energy price guarantee, which will limit bills through a cap on wholesale prices from October, will ease some of the pressure on purse strings heading in to the core Christmas season.The Truss plan: Economy, energy and NHS
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