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Early Christmas shopping helps UK retailers in November

Bethany Beckett, UK economist at consultancy Capital Economics, said November’s strong growth felt a bit like a “consolation prize” for retailers who now faced a difficult Christmas: earlier gift-buying probably meant some spending had simply been shifted forwards, and even if people turned to online shopping as going out became risky, it was “hard to see the risk of tighter restrictions and reduced overall activity as a positive”.
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