The Financial Times headline read: “Retail Sales at low levels. Public reluctant to buy. Stores face rising costs.”
But this wasn’t the response to weak prints from February and March 2022, as rising inflation started to weigh on spending. This was the top story from the front page on 6 February 1952, the day that the then Princess Elizabeth became monarch.
As her subjects celebrate Queen Elizabeth’s 70th year on the throne with a long weekend of festivities, it seems some things haven’t changed. Cautious consumers, rising costs, the falling purchasing power of the pound and even the long hours worked by bankers feature in that February 1952 edition of the newspaper.