Economy in England

Press review

To start with we see the three newspapers talk about many aspects of economy in England.

In first the newspaper ibtimes talk about the feeling of consumer about the Brexit because the statistic said during the last 12 month dropped one point to -26 in December and this is 21 points lower than December 2015.The prinipal reason of the situation is the Brexit and not only we can see people don’t spend a lot

But in an other article of ibtimes talk about the fact of English household spending rises 3.2% year-on-year in November, the biggest rise since 22 months and a reason of this growth is the online shopping because they spending jumped 12.5% during the month, the fastest pace recorded since the series began since 2009,this growth contrast with the spending on the Hight Street because they declined 1,4%.The principal caused of the growth of the online shopping is the season because consumer spending more during the black Friday or the period of christmas,to conclude with this we now A separate report released by the British Retail Consortium on 6 December showed that UK retail sales increased by 1.3% in November, a slowdown from a rise of 2.4% in October.

The last newspaper is an article of The Guardian and he talk about the dificulties of shop in Britain because the consumer spending is falling ,the reasons of the consumer spending is the labor costs and taxes and the inflation,for example last year we see the closures of BHS. The Britain Retail Consortium saywith a prediction for new year the strain on the sector and the structural changes caused 900,000jobs being lost and 74,000 shop being closed

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