UK: Retail Boom Coming To An End
Latest statistics suggest the UK consumer spending boom is coming to an end, with retailers' sales volumes falling for the second consecutive month. According to the Office for National Statistics, retailers' volumes fell by 0.7 per cent last month, after a 0.5 per cent drop in May - the first back-to-back fall since 1998 - despite a 2 per cent fall in prices.
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