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A robust 2.9 per cent surge in May spending signals newfound consumer confidence, complicating the Bank of England's path toward monetary easing. The unexpectedly strong data suggests the British economy is proving more resilient than analysts anticipated.

The latest BRC-NIQ monitor reveals a stabilisation of shop price inflation, providing a glimmer of hope for consumers as food costs decrease significantly. However, economists warn that future pressures could negate these gains amid volatile global conditions.
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