The economy is showing signs of recovery, with recent ONS figures showing that retail sales were rising across the country.
July retail sales volumes increased by 3.6% when compared with June, and are three per cent above the pre-pandemic levels in February 2020, while interestingly, online sales dipped by seven per cent as people started returning to the high street.
Responding to these latest figures, Federation of Small Businesses (FSB) National Chair Mike Cherry, said, “In what is no doubt one of the toughest periods of trade for small businesses in recent history, it’s promising to see that people are indeed confident enough to go out and shop once again.
“One clear sign that people are physically shopping once again is the first drop in online sales (down 7% on June ’20) since November 2019, which after a record period of online sales throughout lockdown was inevitable. But many small firms, especially in recent months have either expanded or developed their online presence, so it’s vital that both physical as well as online sales remain buoyant.”