British retail sales fell much more than expected in August, in another sign that the economy is sliding into recession as the cost of living crunch squeezes households' disposable spending.
The pound slid further towards $1.14 on the back of the data.
All of the main retail sectors - food stores, non-food stores, non-store retailing and fuel - fell over the month for the first time since July 2021, when COVID-19 restrictions on hospitality were lifted, the ONS said.
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