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 Government Borrowing Rises To £10.6bn In September

Government borrowing rose by more than expected, to £10.6bn in September, according to figures from the Office for National Statistics (ONS). The figure was £1.3bn higher than the same month last year. For the financial year to date between April and September, borrowing fell by £2.3bn to £45.5bn. The monthly figure had been expected to … Read more