UK Shoppers Slash December Spending After Earlier Xmas Spree, Omicron

UK Shoppers Slash December Spending After Earlier Xmas Spree, Omicron
People walk along a busy shopping street as people look for bargains in the traditional Boxing Day sales in Liverpool, Britain, on Dec. 26 , 2021. Phil Noble/Reuters
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LONDON—British retail sales slumped in December after consumers did much of their Christmas shopping earlier than usual in November and many people stayed at home due to the spread of the Omicron COVID-19 variant.

Economists said the scale of the hit bolstered their expectations that the world’s fifth-biggest economy shrank last month under the strain of Omicron and new government restrictions to slow its spread.