What are the street cries at dawn
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Squeezed incomes
A big factor has been a fall in discretionary spending, spurred by rising shop prices and weak wage growth.
A near 15% fall in the pound since the Brexit vote has pushed inflation over 3% - way above the Bank of England's 2% target. This has made imported goods more expensive, with those costs passed on to consumers.
Couple that with the fact that wages have been rising at a slower pace than inflation - and shoppers have less disposable income to spend in stores and restaurants.

By volume, retail sales have continued to grow but at a much slower rate - falling from from 4.7% in 2016 to 1.9% last year.
"It has been a real issue for high street retailers and accelerated the decline of some," says Samuel Tombs, chief UK economist at Pantheon Macroeconomics.
"The sector was already suffering from structural problems, such as the rise in online shopping and high business rates. But the burst in inflation since the EU referendum has squeezed incomes in real terms, leading to much weaker growth in sales than retailers had anticipated."
A big factor has been a fall in discretionary spending, spurred by rising shop prices and weak wage growth.
A near 15% fall in the pound since the Brexit vote has pushed inflation over 3% - way above the Bank of England's 2% target. This has made imported goods more expensive, with those costs passed on to consumers.
Couple that with the fact that wages have been rising at a slower pace than inflation - and shoppers have less disposable income to spend in stores and restaurants.

By volume, retail sales have continued to grow but at a much slower rate - falling from from 4.7% in 2016 to 1.9% last year.
"It has been a real issue for high street retailers and accelerated the decline of some," says Samuel Tombs, chief UK economist at Pantheon Macroeconomics.
"The sector was already suffering from structural problems, such as the rise in online shopping and high business rates. But the burst in inflation since the EU referendum has squeezed incomes in real terms, leading to much weaker growth in sales than retailers had anticipated."
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