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UK Retail Sales Stagnate in March Despite Consumer Confidence Surge

High street and department store sales falter, undermining hopes for a robust economic recovery.

  • March retail sales in the UK showed no growth, disappointing expectations of a modest increase.
  • Department stores and supermarkets saw significant declines, while sectors like fashion and furniture reported gains.
  • Consumer confidence reached a two-year high, yet spending did not increase significantly.
  • Economic analysts suggest a complex outlook, with potential Bank of England rate cuts amidst mixed growth signals.
  • Despite some positive sectors, overall retail performance suggests continued consumer caution.
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