'Act to prevent spending paralysis' – BRC

09 August, 2011

The British Retail Consortium says action is needed to prevent “spending paralysis” after a modest rise in retail sales in July.

Like-for-like value sales were 0.6% up on July 2010, figures from the BRC/KPMG Retail Sales Monitor show.

On a total basis, sales were up 2.5% over the year.

“When you take into consideration inflation and January’s increase in VAT, 2.5% growth effectively means people are buying fewer goods,” said BRC director general Stephen Robertson.

“Policymakers in Europe and the US must act quickly to implement a co-ordinated and credible strategy to reduce public sector deficits while supporting growth.

“Business and consumer confidence needs to be restored quickly before spending paralysis sets in.”




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Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
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