Higher Fuel Prices Take Toll On Retail Sales

UK retail sales posted a 1.4% rise in February from the previous month, but there are signs that higher fuel prices have begun to hit shoppers’ pockets. In the three months to February, sales volumes fell by 1.4%, a sharper slide than the 0.5% decline for the three months to January. That was the biggest … Read more

UK Trade Deficit Narrows In October

Exports increased by £2bn, lifted by machinery and transport orders, while imports decreased by £1.8bn, the Office for National Statistics (ONS) said. The ONS also made large revisions to trade figures for the period between January 2015 and September 2016. It said it had made an error in the way it had recorded trade in … Read more