The country’s economic recovery seemed to take a hit today, as the British Retail Consortium said that UK retail sales had the worst January for 15 years.
The "awful" start to 2010, thanks to dull economic and climatic conditions, followed the strongest December for eight years and dampened hopes of a strong retail recovery.
Total UK sales saw a 1.2% rise on a year earlier, the lowest ever reading for the month since the BRC's Retail Sales Monitor began in 1995.
Same-store sales values fell 0.7% in January compared with the same period last year, which was the worst figure for 14 years.
The figures are much lower than economist expectations, which predicted total sales growth of 3.3% and like-for-like increases of 0.5%. They are also steeply down from the respective rises of 6% and 4.2% seen in December... read more
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