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UK retail sales plunge 1.3% in April amid rising fuel prices and political pressure on supermarkets

Market News
22 May 2026
Proactive Investors
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Neutral
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UK retail sales fell by 1.3% in April, the sharpest decline in nearly a year, driven largely by a 10.2% drop in motor fuel sales as consumers cut back due to high petrol and diesel prices. Despite this, shares of major supermarkets Tesco and Sainsbury's showed little reaction amid ongoing political pressure for price caps on staples. The government is also advancing anti-profiteering measures targeting firms with widened margins during the crisis. Retailers face challenges from consumer caution linked to geopolitical tensions and rising living costs, though some sectors like beauty and technology remain resilient.

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