Shops and restaurants hope for ‘halo’ effect of Labour

Consumer spending expected to rise during England’s Euro 2024 match and Andy Murray’s Wimbledon swan song

Shops, bars and restaurants are expected to see a halo effect as Labour’s election victory and a bumper weekend of sport kickstarts a bounce in consumer spending through July.

Businesses are predicted to benefit from England’s match at the Euro 2024 football tournament and Andy Murray’s Wimbledon swan song this weekend, before the Olympics propels spending at the end of the month.