LONDON: British retail sales rebounded much more strongly than expected last month as the country gradually relaxed its coronavirus lockdown, but public borrowing hit a record high and debt passed 100% of economic output.
Official data showed sales volumes in May jumped by a record 12.0% after a historic 18.0% slump in April - a rise at the top end of economist forecasts in a Reuters poll but which still left sales 13.1% down on a year ago.
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