This morning the British Retail Consortium showed that in the combined months of November and December retail sales fell overall by 0.9 per cent taking the rate for a year as a whole to minus 0.1 per cent, the first time they’ve seen a negative number over the calendar year. Like-for-like sales, which strips out changes to floor space available, saw a 1.2 per cent drop during the final 2 months. Spending in pubs and cinemas rose in low double digits.
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