LONDON (Reuters) – British shoppers picked up the pace of their spending last month – excluding distortions caused by the timing of Black Friday – as they took a break from worrying about Brexit, a survey showed on Tuesday. FILE PHOTO: Shoppers cross the road in Oxford Street, in London, Britain August 14, 2016. REUTERS/Peter Nicholls/File Photo The British Retail Consortium said total retail spending tumbled by 4.4% compared with its figures for November 2018 which included the Black Friday period, unlike this year. Adjusting for that discrepancy, and for differences in the proximity to Christmas of the BRC’s November sales measurement period, the figures looked better for retailers. Adjusted sales rose 0.9% year-on-year, the biggest increase since January, apart from April when the timing of Easter gave a calendar-related boost to sales. Britain’s consumers, buoyed by rising pay and modest inflation, have helped the economy to grow since the 2016 Brexit referendum, offsetting cuts to investment by many companies. But there have been some signs recently that shoppers were turning more cautious, given the lack of clarity about Britain’s departure from the European Union and an election on Dec. 12. “Growth appears stronger in November than in previous months,”… Read full this story
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