Online Shopping hit by cost of living crunch

Figures from the Office for National Statistics show online shopping has taken a hit, as the cost of living crisis worsens.Online sales dropped by 7.9% in March according to the ONS, following on from a 6.9% fall in February.Meanwhile fuel sales volumes fell by 3.8% as petrol and diesel prices remain high.Rachael Burford, the Evening Standard’s political reporter discusses the drop in online shopping sales, how the cost of living crisis is changing people's behaviours, and what impact it will have on the economy.In this episode:Why figures are worse than some had expected (0.47)Are people cutting down on trips in the car? (1.50)Cost of living crisis impacting all business (2.42)Will people give up their subscriptions? (3.51)How will the economy cope? (5.02)Inflation rising and risk of energy price gap rising (5.56)How can the government ease the crisis even further? (7.13)Follow us on Twitter for more news, features and interviews @EveningStandard Hosted on Acast. See acast.com/privacy for more information.