UK retail sales take biggest monthly drop in 16 years

04/12/2011 | Sky News · Bloomberg

UK retail sales in March took their biggest plunge since data were first collected 16 years ago, the British Retail Consortium said. Sales were 1.9% below the same month last year. "Uncomfortably high inflation and low wage growth have produced the first year-on-year fall in disposable incomes for 30 years," according to BRC Director General Stephen Robertson. The situation has "left people unwilling to spend unless they really had to."

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Sky News · Bloomberg

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