The number of people that visit shops in the United Kingdom suffered a significant drop in numbers last February. It comes as the uncertainty that is related to Brexit drove a fifteenth successive monthly decline.
Footfall plunged by 2 percent in the month, the highest in five years. It means more bad news for the beleaguered high streets of the country. It also signals that the consumer spending that has been lifting the economy of the United Kingdom may already be running out of steam.
The visitor numbers of Shopping centres plunged even faster than the high street at 3.4 percent while the number of people who are visiting retail parks dropped by 0.8 percent.
Helen Dickinson, the chief executive officer of the British Retail Consortium, said that the situation could further deteriorate unless the government of the United Kingdom is able to avoid a “calamitous” no-deal Brexit.
Dickinson stated: “Such a scenario would likely result in higher costs, higher prices and less choice for consumers – all of which would further harm struggling retailers.”
She added: “The Government must act to protect both consumers and retailers by ensuring there is no chance of a no deal Brexit.”
The uncertainty has prompted renewed caution among shoppers in the United Kingdom which has fed through into poor sales, particularly in bricks-and-mortar stores.
The BRc said that while real incomes have been increasing over the past year, question marks over the economic future of the United Kingdom are causing people to hold back on non-essential spending.