Despite the high inflation, UK retail sales growth accelerated more than expected in June as good weather boosted food and non-food store sales, the Office for National Statistics reported Friday.
However, survey results from the market research group GfK showed that the consumer confidence weakened for the first time in six months in July.
Separate data from the ONS today showed that the British budget deficit undershoot the government estimate in June. However, the deficit remained the third-highest for the month since records began in 1993.
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by Renju Jaya
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