J Sainsbury CEO Justin King, John Lewis Partnership Chairman Charlie Mayfield and other retail executives met Tuesday evening with Danny Alexander, chief secretary to the UK Treasury, to discuss concerns within the industry. The retailers warned that something needs to be done to prevent the economy from a double-dip recession. "We're not asking for handouts but we are saying it's more important than ever that the Government understands the finely balanced position many retailers are in," said Stephen Robertson, director-general of the British Retail Consortium.

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