Retail sales are predicted to fall at an accelerated rate in the run-up to the November Budget, according to a new survey, as Britons brace for potential tax increases and rising prices.

The Confederation of British Industry ( CBI ) has suggested that retail sales could plummet in November, reflecting household concerns about being hit by another extensive tax raid from Chancellor Rachel Reeves, as reported by City AM .

The CBI's retail sector survey indicates that sales volumes are anticipated to drop more rapidly in November, with the weighted balance projected to decrease from -29 in September to -39 next month.

The CBI also indicated that wholesale sales volumes experienced a sharp decline in the year to October.

Sales have consistently remained below seasonal norms based on da

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