British retail sales plummeted in December, marking the biggest decline in nearly three years and raising the risk that the UK economy slipped into a technical recession at the end of last year.
The quantity of goods bought in Great Britain fell 3.2 per cent between November and December, reversing a 1.4 per cent increase in the previous month, the Office for National Statistics said on Friday.
The decline was much steeper than the 0.5 per cent fall forecast by economists polled by Reuters, and was the largest monthly fall since January 2021, when coronavirus restrictions hit sales.
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