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British retail sales exceeded expectations in August, with a 1% increase, while July’s growth was also revised upwards, according to official figures released on Friday. Economists had predicted a 0.4% rise in sales volumes for August. The Office for National Statistics reported that July saw a revised 0.7% increase in sales volumes, up from the initial estimate of 0.5%. Warmer weather and end-of-season sales contributed to a boost in sales for some supermarkets and clothing retailers. Following a period of Inflation and reduced consumer spending power, recent improvements in wage growth, a decrease in Inflation, and a Bank of England interest rate cut have helped to restore living standards. However, reports from UK retailers suggest that discretionary spending continues to face challenges. Despite this, fashion retailer Primark reported a decline in UK sales, while Kingfisher noted weak demand for kitchens and bathrooms. On a more positive note, Next reported better-than-expected sales in its second half, attributed to favorable weather conditions. Consumer confidence has declined to a six-month low in September, with concerns raised over the economic outlook and potential tax increases under Prime Minister Keir Starmer’s government.

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