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UK Retail Sales Growth Slows to 1.6% in October Amid Weak Consumer Confidence

UK retail sales growth moderated to 1.6% year-on-year in October 2025, down from 2.3% in September, marking the slowest pace since May amid weakening consumer confidence. Shoppers have been holding back on discretionary spending such as toys, electronics, and clothing, anticipating Black Friday discounts and awaiting clarity on government Budget decisions.