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'Half of voters' expect UK economy to deteriorate

Mark Carney, Governor of the Bank of England. Credit: PA

Almost half of UK voters believe the economy will get worse over the next year, a new study has revealed.

In a survey by Ipsos MORI, 47% said they expected the economy to deteriorate, in comparison to the 26% who said it would improve.

However the overall economic optimism score of minus 21 is the third-worst recorded since March 2013.

With just a week to go before Philip Hammond's Autunm Statement, 39% said they were satisfied with the Chancellor's performance - a figure 12 points higher than predecessor George Osborne's last rating.

Ipsos MORI interviewed 1,013 adults between November 11 and 14.

UK retail sales show strongest rise since 2002

UK retail sales rose at their strongest yearly rate in more than a decade in October as shoppers bought winter clothes and supermarkets reported a successful Halloween.

Sales were 7.4% higher than the same month last year, the fastest year-on-year growth since April 2002, Office for National Statistics figures show.

Online sales were at their strongest for five years, proving consumers remained eager to shop despite uncertainty over the potential fallout from Brexit.

The amount spent in the retail industry was up by 2.1% compared with September, while the amount spent online increased by 26.8% compared with October last year and by 1.3% compared with September 2016.

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