date:May 24, 2013
flation in the United Kingdom slowed in April, which may ease the squeeze on households.
The Bank of England has forecast a gradual recovery in consumer spending. However, weak wage growth may limit any pickup in expenditure. The Marks and Spencer Group said that the consumer backdrop remains challenging.
We have seen retail sales pick up at the start of the year, and that helped the overall economy to grow, Samuel Tombs, an economist at the London-based Capital Economics Ltd, said. He added,