LONDON: Further signs of stabilization in Britain's economy emerged Tuesday with the news that retail sales rose unexpectedly during June and a key survey of real estate professionals showed more optimism about house prices than at any time for two years.
The British Retail Consortium (BRC), a leading lobby group, said like-for-like retail sales - those that exclude new stores and floorspace - were up 1.4 percent in June from the year before as warm early summer weather drove shoppers into stores for summer clothes, outdoor goods and food.
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