UK retail sales rise by more than expected in August By Reuters

Retail Sales Growth: British retail sales increased by 1% in August, surpassing expectations, with July's growth revised to 0.7%. Factors contributing to this rise included warmer weather and end-of-season sales, although discretionary spending remains under pressure.

Consumer Confidence Decline: Despite the positive sales figures, consumer confidence has dropped to a six-month low due to concerns over the economic outlook and potential tax increases proposed by the new government.