British retail sales record gloomiest June performance on record (opens original article in a new tab)

British retail sales hit a record low in June, with the CBI retail sales balance falling to -54, the lowest since 1983, as sales were below seasonal norms due to depressed consumer sentiment and rising costs.

• British retail sales fell to a record low in June, with a CBI retail sales balance of -54, down from -46 in May.
• The three-month average for retail sales balance dropped to -56, the lowest since 1983.
• Retailers reported a gloomy summer start with sales below seasonal norms, driven by depressed consumer sentiment and rising costs.