UK shopping trips plummet and housing market freezes after lockdown [Reuters]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
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Source: Reuters
UK shopping trips plummet and housing market freezes after lockdown LONDON, April 20 (Reuters) - The number of British people leaving their homes to go shopping has slumped by 83% since the government closed non-essential retail outlets last month to slow the spread of COVID-19, the British Retail Consortium trade body said on Monday. Separately, property website Rightmove said it was unable to provide meaningful house price data due to a collapse in the number of new homes being listed for sale. Last week the BRC said retail spending had fallen by more than a quarter in the same period compared with a year ago, and Monday’s figures show the decline in the number of people going out has been even sharper. “Footfall dropped in early March, as many people chose to stay at home and reduce the risk of catching coronavirus,” BRC chief executive Helen Dickinson said. “This downwards trajectory was accelerated by the government’s decision to put the UK on lockdown.” Last week Britain’s budge
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