Forecasters Shocked Retail Sales Rise Post Brexit

Retail sales in July increased significantly due to warm weather and a weaker pound, which attracted more tourists. This led to a rise in sales of nonfood goods, especially jewelry and watches. The influx of American and European tourists further boosted sales. Despite fears of a slowdown post-Brexit, consumer spending remains resilient, with unemployment benefits claims decreasing. However, economists warn of potential challenges ahead, such as price rises and recruitment freezes.

What was the percentage increase in retail sales in July compared to June?

• 0.2%

• 1.4%

• 5.9%

• 2.0%

Which factor contributed to the increase in retail sales of non-food items?

• Higher taxes

• Warm weather

• Lower wages

• Increased online shopping

How did the weaker pound affect tourism and retail sales?

• It discouraged tourists from visiting.

• It led to a decrease in retail sales.

• It had no impact on tourism.

• It attracted more tourists, boosting sales.

Which group of tourists showed a significant increase in numbers?

• Africans

• Australians

• South Americans

• Americans

What potential challenges are economists warning about post-Brexit?

• Decrease in online shopping

• Price rises and recruitment freezes

• Increase in unemployment benefits

• Higher interest rates