Tuesday, Mar 06, 2007

Consumer spending looking healthy

Guardian: Retail sales hold up despite rise in interest rates

Retail figures released by the British Retail Consortium were healthy, showing a 3.3% increase on February last year. This discredits the concerns voiced this week by many industry lobbyists who claimed that consumer spending was being seriously hit by the MPC's successive rises in the cost of borrowing.

Posted by jellycaster @ 08:48 AM (165 views) Add Comment

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