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World

The retail recession

17 January 2025

7:38 PM

17 January 2025

7:38 PM

There was some relief for Rachel Reeves earlier this week when inflation fell slightly to 2.5 per cent and the economy just about managed to grow, by 0.1 per cent (although many were expecting it to be a little higher than that).

There is no joy to be had, however, in this morning’s retail sales figures, which show that volumes fell by 0.3

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