UK Shoppers Cut Spending Amid Recession Fears and Cost of Living Squeeze
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UK recession fears as shoppers cut spending to save for Christmas amid cost of living squeeze
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Retail sales slowed in October as high inflation and mortgage costs shook consumer confidence
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Construction sector contracted for 11th month in a row, especially housebuilding
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Consumers delaying big purchases like cars; spending more on small indulgences like beauty
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Retailers cutting prices but facing cost pressures like business rate rises; consumers detecting 'slack-filling' packaging tricks