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UK consumers spend more in August, but pinch persists

Month's sales growth was highest non-Easter reading of 2017; fewer consumers feel confident about their finances, survey shows

Looking down: a sharp depreciation of the pound since the Brexit vote, combined with low increases in pay, has eaten into the spending power of British households, the main drivers of the country's economy.


BRITISH shoppers increased their spending in August at the fastest pace so far in 2017, excluding a surge in April caused by the Easter holiday, but there is little sign yet that the squeeze on spending is easing, retailers said on Tuesday.

Retail sales grew by an annual 1.3...

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