British retailers saw their sales flat-line in August as shoppers cut back on no...
LONDON - British retailers saw their sales flat-line in August as shoppers cut back on non-essentials and some households stockpiled food ahead of Brexit, surveys showed on Tuesday.
That pushed down the average pace of sales growth over the past 12 months to 0.4%, the weakest since the BRC began its data collection in 1995. Prime Minister Boris Johnson says he will take Britain out of the EU on Oct. 31 without a transition deal to smooth the economic shock, unless Brussels makes concessions which it has so far ruled out.
A survey commissioned by Barclaycard showed almost one in five respondents was stockpiling everyday items in case of shortages in the future. Tinned foods, household supplies and dried goods topped the list of stockpiled products, it said.
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