Government borrowing higher than expected in November


The retail figures showed supermarket sales fell for the fourth month in a row, while discounts at retailers across November did not lift Black Friday spending as much as in recent years.

Analysts had expected total sales volumes to rise by 0.4% in November. Instead, they fell 0.1%.

The ONS said that over the three months to the end of November, sales rose by 0.6%, boosted by sales of computers, clothing and furniture.

However, some analysts said the weeks of pre-Budget uncertainty had dented shoppers’ confidence to spend.

“The chaotic run-up to the Budget hit consumer spending, driving retail sales into two consecutive monthly falls after a run of four rises from June to September,” Rob Wood, chief UK economist at Pantheon said.


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