LONDON -British retail sales unexpectedly rose in May, boosted by an extra bank holiday to mark the coronation of King Charles but also suggesting most consumers were coping with high inflation's squeeze on their spending power. A day after the Bank of England escalated its battle against inflation by raising interest rates to their highest since 2008, official data showed retail sales volumes rose by a monthly 0.3 percent, defying a Reuters poll forecast for a fall of 0.2 percent. Last month's increase followed a rise of 0.

https://business.inquirer.net/406920/uk-shoppers-boost-spending-again-despite-inflations-squeeze

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