British retailers are currently experiencing a decline in optimism, reaching the lowest level in two years. This decrease in sentiment is the weakest since households faced challenges due to high energy prices and financial instability caused by the fiscal plans proposed by a former Prime Minister.

The current economic climate reflects growing concerns among retailers as they navigate rising costs and changing consumer behavior. The decline in confidence could have broader implications for the retail sector and the overall economy, as businesses prepare for potential impacts on sales and profitability.