Forecasters Shocked Retail Sales Rise Post Brexit

Retail sales in July increased significantly due to warm weather and a weaker pound, which attracted more tourists. This led to a rise in sales of nonfood goods, especially jewelry and watches. The influx of American and European tourists further boosted sales. Despite fears of a slowdown post-Brexit, consumer spending remains resilient, with unemployment benefits claims decreasing. However, economists warn of potential challenges ahead, such as price rises and recruitment freezes.

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