UK sales are up for the season

The UK is experiencing a bumper autumn season, with the number of new orders and sales jumping over 200% compared to last year.

The Office for National Statistics (ONS) says sales of luxury goods and apparel are up by over 300% on last year, which was a record high.

It says a record of 1.9 million customers took advantage of the opening of the UK’s first online retailer, Starbucks, in September.

“We’re very pleased with our results and it’s good news for the economy and the UK, particularly for those people who work in retail,” said David Blanchflower, chief executive of the ONS.

Sales of luxury items rose by over 100% on the previous year, with a record 1.6 million people buying clothing online last year – up from 1.3 million in 2015.

“With such a strong Christmas, we are delighted with the way our sales of the year so far are being driven by our new online retailer,” said Ms Blanchfelder.

The ONS says UK retail sales are expected to be over £1 trillion by 2021, which is up from £1.04 trillion in 2020.

“The UK economy is expanding strongly and the ONSS is pleased with the performance of the economy this year and its outlook for the next 12 months,” said Claire Birt, chief economist at the ONT.

“This is testament to the resilience of the economic recovery, which has seen the UK grow its economy by over 5% this year, and is expected to grow by over 4% in 2021.”

The ONSS expects the economy to grow an annual rate of 4.3% in the year ahead.

“It’s great news for business and the economy, and we look forward to continuing to see growth for years to come,” said Mr Blanchflowers chief executive.

The average price of a piece of merchandise increased by £1 on last December to £4.09.

This year, it is expected that the average price will increase by £2.50, to £6.98.

This story was produced by ABC News, and can be found on the ABC News website.

Topics:business-economics-and-finance,consumer-protection,consumer,united-kingdom

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