UK shoppers slash spending in May – BRC

By William Schomberg LONDON (Reuters) - British shoppers cut back on their spending last month by the most in more than 20 years, a retailers' group said, raising questions about how long consumers can keep on cushioning the economy from the impact of Brexit. Retail sales sank by an annual 2.7%, the biggest fall - excluding distortions caused by the timing of Easter - since the British Retail Consortium's records began in 1995. The BRC said May's fall should be seen in the context of an unusually strong jump of 4.1% in May 2018, when sales were boosted by sunny weather and the marriage of Prince Harry and Meghan Markle which encouraged consumers to hit the shops.

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