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  • Unusually poor weather in July put downward pressure on retail sales, but the overall macroeconomic picture is steadily improving.
  • Favourable weather gave seasonal lines a boost in June, but high living costs continue to erode discretionary incomes.
  • UK consumers are continuing to face high living costs, but warm weather, public holidays and the approach of summer reveal growing resilience as seasonal sales trends endure.
  • The UK economy is set to avoid a recession this year, but many households will continue to adopt recessionary behaviours due to persistent inflation and steep rises in interest rates…
  • Near-term difficulties drag on, but the outlook brightens. Despite ongoing financial challenges for many consumers, optimism is increasing as recessionary fears recede.
  • Consumers and retailers continue to be stung by high prices, but a combination of growing resilience and easing recession expectations means confidence is picking up. 
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