The UK retail sector has lost 65,000 jobs since the Brexit referendum in June 2016, according to recent employment data. Meanwhile, online spending was 2.4% higher in November. A report by accountancy firm PwC found that a quarter of all businesses surveyed said they were planning to cut staff numbers or reduce their investment plans. IHS data also revealed spending in "brick-and-mortar" shops in November was down 3.5% YoY, the seventh-consecutive monthly contraction.
The UK retail sector has lost 65,000 jobs since the Brexit referendum in June 2016, according to recent employment data. A report by accountancy firm PwC found that a quarter of all businesses surveyed said they were planning to cut staff numbers or reduce their investment plans. IHS data also revealed spending in "brick-and-mortar" shops in November was down 3.5% YoY, the seventh-consecutive monthly contraction.