The decline is blamed on consumers cutting back their spending UK retail sales fell unexpectedly in October, with the volume of goods sold in stores and online slumping 0.3% month-on-month, the Office for National Statistics (ONS) reported on Friday. Economists were expecting an increase of 0.4% for the month of October. Instead, sales plummeted to their lowest level since early 2021, when Covid restrictions were in place. Compared to last year, October sales were 2.7% lower, data shows. The report also highlighted that the October drop followed a revised 1.1% decline in September that was worse than first estimat
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