UK retail sales fall, consumer confidence nears record low

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UK retail sales fall, consumer confidence nears record low

STORY: UK retail sales fall, consumer confidence nears record low DATELINE: Oct. 25, 2022 LENGTH: 00:01:01 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): ZHAO XIUZHI, Xinhua correspondent 2. various of UK STORYLINE: STANDUP (English): ZHAO XIUZHI, Xinhua correspondent "Retail sales have been falling, and consumer confidence has hit record low levels in the United Kingdom (UK), due to the country's persistently high inflation rate. Data showed retail sales continued to fall in September after a weak August, and consumers are now buying less than before the pandemic. The volume of retail sales fell in all the main sectors by 1.4 percent in September. Continued price pressures have made British consumers to be more conscious about spending. And also, the market research company GfK has said, its consumer confidence index for the UK in October stood at minus 47. The biggest danger by far is inflation. Pushed up by rising food prices, UK inflation hit 10.1 percent in September, returnin

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