Thursday, July 22, 2010

Houses 0, TVs clothes and rubbish 3

Retail sales rise more than expected on World Cup boost

James Knightley of ING Financial Markets said: “It appears that the World Cup boosted sales despite falling consumer confidence and Budget uncertainty with regard to taxes and government spending... Clothing sales jumped 1pc on the month, household goods rose 1.6pc while ‘other stores’ saw sales increase 1pc, boosted by sales of electrical equipment.” We were all told it was the World Cup wot did it... Come on, estate agents, it's small wonder your houses aren't shifting - they're all clearing out the shelves of rubbish thanks to zero interest rates and another British obsession. Tick...tock...tick...tock!

Posted by happyrenting @ 07:50 PM (726 views)
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