UK consumer choose pubs over retailers

British retailers reported sluggish sales growth last month as potential shoppers chose to make the most of this summer’s record hot weather and spend money at the pub instead.

The British Retail Consortium said on Tuesday that shops reported total spending was up just 1.3 percent on a year earlier, the weakest growth since November last year, apart from a big dip in April due to the timing of the Easter holiday.

By contrast, a broader measure of consumer spending by Barclaycard (BARC.L), which processes just under half of card payments in Britain, rose by 4.5 percent in August — boosted by an 11.9 percent year-on-year jump in spending at pubs.

Reuters

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