British consumers kept a tight rein on their spending ahead of December's e...
LONDON - British consumers kept a tight rein on their spending ahead of December’s election, despite being tempted by retailers offering heavy discounts last month, surveys showed on Tuesday.
Still, the BRC said the longer-term outlook remained bleak, with the 12-month rolling average of sales growth falling to a new low of 0.1%. But economists say recent signs of a weakening in spending by households raise the risk of a recession as the country prepares to leave the European Union.
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