Bad news: UK retail mood hits a 22-year low

[wendigo100]

UK retail mood hits a 22-year low

High Street confidence has fallen to its lowest level in at least 22 years, according to a survey by the CBI.

Only 17% of retailers reported a rise in sales in November, compared with last year, the business group said.

But 51% said sales were down, giving a balance of minus-35 in the latest CBI distributive trades survey.

Well below the forecast of minus-15, it is the lowest figure since the study began in 1983. Retailers now expect the worst December in the survey's history.

If people are a bit short of money to spend, why don't they simply borrow more? That's what they've been doing for the last six years.

[lilelvis2000]

They obviously failed to count my wife.

[sappatz]

sales

i thought it was the worst in one millenium (this one)