Despite Brexit, Retail Sales Are Up, Especially for Print Book Sales

Retail sales are holding up after the UK’s decision to leave the EU, figures have revealed today (Aug. 9, 2016).

Total high street sales increased by 1.9% in July in comparison to the year before, according to the British Retail Consortium (BRC) and KMPG’s latest survey, while like-for-like sales were up by 1.1%.

Helen Dickinson, CEO of the BRC, said that while the figures may come as a “shock” considering the gloomy forecasts following the UK’s decision to leave the European Union, “little has materially changed for most UK households in the wake of 23rd June, so it is not surprising to us that sales are simply responding to their normal underlying drivers”.