UK retail jobs are being lost at the fastest rate since the global financial crisis in 2009, the CBI’s latest monthly Distributive Trades Survey has found, while sales have fallen and further drops are due next month.
British retailers discounted their goods less in July than the month before, after consumer demand picked up in many sectors as lockdown restrictions eased, data from the British Retail Consortium showed on Wednesday.
As pressure grows on the UK government to share a lockdown exit plan, retail bosses are seeking clarity over what will happen to the Job Retention Scheme, under which furloughed staff salaries are being paid.
British retailers suffered their biggest fall in sales since the 2008 financial crisis in the first half of April as the coronavirus kept shoppers at home and forced store closures, the CBI said on Tuesday.
British retail sales fell this month as the coronavirus hit demand for products other than food, and the outlook for April is the bleakest since 2009, the Confederation of British Industry said on Wednesday.