Subscribe Login
Retail

UK Retailers Report Widespread Cashflow Difficulties: CBI

Eight out of 10 British retailers reported cash flow difficulties this month as sales dropped sharply again during the coronavirus lockdown, an industry survey showed on Tuesday.

The Confederation of British Industry's (CBI) monthly gauge of retail sales rose to -50 from in May from a joint record low of -55 in April, as expected in a Reuters poll of economists.

"The retail sector is at the sharp end of a crisis, with many businesses up against it," CBI chief economist Rain Newton-Smith said.

"The government's support packages are making a real difference, with more shops reporting that jobs have been furloughed, rather than lost."

News by Reuters, edited by Checkout. Click subscribe to sign up for the Checkout print edition.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Enjoy full access to Checkout Magazine, our weekly email news digest, access to all website and app content, and the latest digital magazine for a full 30 days.
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Enjoy full access to Checkout Magazine, our weekly email news digest, access to all website and app content, and the latest digital magazine for a full 30 days.
Enjoy unlimited digital access for 30 days