What happened: Data shows a 2% drop in visits to UK shopping destinations on Black Friday, with a 7.2% decline compared to last year. Central London office areas saw some increase in footfall.
Why it matters:
- Lower consumer spending may slow UK economic growth in 2026.
- Retailers and high street businesses face challenges due to reduced shopper visits.
MNN Take: The decline in high street visits reflects cautious consumer behaviour amid economic uncertainty, which could impact retail sales and broader economic activity next year.
Sources: Guardian UK