AnalysisFeatures
Platinum Jubilee sales – a warning of times to come?
With millions of Brits awarded with an additional day off during the summer sunshine due to the Queen's Jubilee in June, it could have been expected to have had a welcomed boost to the UK economy. However recent figures from the Office of National Statistics show the anticipated public holiday had a less than expected impact on retail sales.
The Office of National Statistics (ONS) most recent data revealed that retail sales dropped by 0.1% in June 2022 following a fall of 0.8% in May 2022 despite bank holiday weekends and the hope that the Queen’s Platinum Jubilee would boost sales.
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