British retail sales rebound but government costs climb                    

Despite rise in retail sales recovery will be slow in Britain after shrinking a record 20% last quarter 
British retail sales rebound but government costs climb                    

Retail sales rose above pre-pandemic levels in July, the first full month for many shops reopening after lockdown. Picture: Dominic Lipinski/PA Wire

Britain’s economic recovery from the shock of the Covid-19 pandemic has gathered pace, new data showed, but government borrowing rose past the £2 trillion (€2.2trn) mark and fears of future job losses are mounting.

Retail sales rose above pre-pandemic levels in July, the first full month for many shops reopening after lockdown, and August’s Purchasing Managers’ Index (PMI) data showed the fastest growth in almost seven years.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited