Retail sales soar to record high
Friday 21 June 2013
Britons hit the high street with a vengeance last month, as well as flocking online to shop. They spent a record £27.1bn in total, according to official figures.
A 2.1 per cent surge in sales volumes was far bigger than expected by City economists, adding to hopes of faster growth in the current quarter.
The spend, which averaged £6.8bn a week, is the highest since the Office for National Statistics' records began in 1988. But volumes, the quantity of goods bought stripping out the effects of inflation, also surpassed pre-recession peaks to reach an all-time high in May.
The sales bonanza was driven by a strong bounceback from an April fall and better weather. Supermarkets battled for customers with heavy discounting on food, sending sales up 3.5 per cent in the biggest rise for two years.
- 1 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Ball pool for adults opens in London
- 4 Game of Thrones season 5 trailer: The first full-length look is here
Mia Khalifa: Pornhub star claims Drake sent her 'cringeworthy' naked photos on Instagram
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Putin opponent reveals Russian President's daughter's secret identity
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...