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British retail sales jump 1% in June as shoppers flock to charity shops

Steve Goldstein
British retail sales jump 1% in June as shoppers flock to charity shops

British retail spending was surprisingly strong in June, according to data released Thursday — with shoppers seeking out discounts at charity shops. Monthly sales grew 1% in June, for a 12-month growth rate of 3.8%, the U.K. Office for National Statistics reported. Samuel Tombs, chief U.K. economist at Pantheon Macroeconomics, said the results show that U.K. consumers are happy to spend the growth in real wages and aren’t haunted by the possibility of a no-deal Brexit.