Labour’s claim that it is facing the “worst economic inheritance ever” should be treated with “a dose of scepticism”, a senior economist has said after retail sales bounced back last month.
Sales increased by 0.5 per cent in July compared to June as retailers recovered from a 0.9 per cent slump in sales in the previous month. The rise in sales was driven by the Euros football tournament and summer discounting.
The news came after economists said Britain enjoyed another “gangbusters quarter” of growth as the economy expanded by 0.6 per cent in the three months to June. Tory leadership contenders said that growth is the strongest in the G7 group of developed nations as they accused Labour of “concocting excuses” for tax rises in
