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22nd Jul 2022 15:30U.K., Daily Monitor

Retail sales fell by 1.2% quarter-on-quarter in Q2, as households reduced big-ticket discretionary purchases.

Real household disposable income looks set to rise in Q3, thanks to government support measures.

But even if Ms. Truss pushes through her tax cuts, incomes will drop back in the winter, impeding sales.

cpi disposable income energy energy prices food sales fuel government household goods June May motor fuel nominal incomes q1 q2 q3 q4 real wages retail sales savings wages

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Keywords for: 26 July 2022 UK Monitor

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