The Retail Sales Statistics for September 2016 revealed that sales were ‘as expected’ – but following recent headlines surrounding inflation, the worst could be yet to come according to one expert in Retail and Wholesale at leading accountancy firm, Wilkins Kennedy. At the moment these figures are in line with expectations for the time of year as the good weather pushed consumers away from retail towards leisure experience, leading to deferral in winter clothing purchases, according to Phil Mullis, Head of Retail and Wholesale and Partner at Wilkins Kennedy. “We have all heard the recent news that inflation is on the rise” Phil commented. “Fuel and clothing prices will be front line for price increases, as they stick to their low price promises."
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On 23rd June 2016, British voters went to the polls to cast their vote in the historic EU Referendum. Based on a 72.2% turnout, a majority voted to leave the European Union with 52% of the vote, against 48% to remain.
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