Saturday, May 26, 2012

UK retail sales slide at fastest pace in 2 years in April

Photo: CorbisLONDON - Retail sales fell at their fastest monthly pace in more than two years in April, after a record drop in fuel sales and a weather-related drop in clothing sales, official data showed on Wednesday. The weak start into the second quarter highlights the ongoing weakness of the economy and may raise speculation about another cash boost from the Bank of England. The Office for National Statistics said retail sales volumes fell 2.3 percent on the month - its biggest drop since

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