Tuesday, 12 April 2011

U.K. Retail Sales Plunged Most on Record in March, BRC Says

http://noir.bloomberg.com/apps/news?pid=20601087&sid=a3xmvWhzsT4g&pos=6


U.K. households are seeing their spending power eroded at the fastest rate in more than 60 years as food and energy costs soar and the aftermath of the recession restrains wage increases. Signs of a faltering economic recovery as well as the government’s value-added tax increase and the deepest spending cuts since World War II are undermining consumer confidence.



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