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Large increase in UK retail sales boost hopes of avoiding recession.


vinyl

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not sure it was the first time in years, but I think it was the biggest monthly surplus for a few years - possibly due to the number of people paying their self assessment tax liability before the 31 January deadline and the effect of the cuts in public sector expenditure taking effect

 

it is a stumble in the right direction though

 

According to the stats retail sales for January 2012 were up 5.3% on January 2011, and they in turn were up 4.4% on January 2010. So it appears that spending is starting to increase again.

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