Last week it was reported that UK retail sales had taken an unexpected dip in September. This was accompanied by claims that warmer than normal weather could be to blame, or people overspent in August so cut back for a month. However, in addition to the speculation about it being a short term phenomenon, is the very real possibility that the reason is actually due to a dent in consumer confidence which has sprung from the uncertainties surrounding Brexit.
On the day of the Brexit poll I attended a Seminar titled ‘Retail & Town Centres: Where next? put on by the RTPI which included a talk by Mohammed Chaudhri of Experian Decision Analytics. His talk was about the prospects for the UK economy and the retail sector, it looked at how the economy had faired since the recession, explained why there had been a slowdown in 2016 and looked forward to a post Brexit time. The crux of his analysis was that;