Aug
06
Heatwave Boosts U.K. Retailers But Concerns Mount Over Rate Hike
By-
Barclaycard reports strongest three months since at least 2014
- But heat and soccer offer only temporary relief, reports find
The sweltering summer drove Britons to splurge on food, drink and days away but the boost to retailers may prove short-lived, with higher interest rates expected to hit already fragile consumer confidence, surveys published Tuesday found.
Payments processor Barclaycard said that spending rose an annual 5 percent in July, capping the strongest three-month period since it started measuring the data in 2014. Spending was also boosted by the England soccer team’s best World Cup run for 28 years…
Heatwave Boosts U.K. Retailers But Concerns Mount Over Rate Hike
