15 August 2016 - Janet Bird
British shoppers are adopting a 'keep calm and carry on' approach to spending in the wake of June's Brexit vote, new figures suggest.
Data released by the British Retail Consortium show that retail sales were up in July compared to the same period last year.
The BRC's latest sales monitor, compiled with KPMG, reveal like for like sales in the four weeks to July 30 were up 1.1 percent compared to same period in 2015, the strongest growth since January 2016.
In the three months from May to July, total retail sales in the UK increased 1.1 percent.
Meanwhile, a report by credit card company Visa shows spending on their cards is increasing, despite the much vaunted post-Brexit uncertainty. The amount spent last month was up 1.6 per cent compared to the same period last year.