LONDON: British retail sales bounced back weakly in December as shops in England emerged from November's four-week lockdown to slow the spread of COVID-19, while public borrowing this financial year has hit a fresh record high.
Retail sales volumes rose 0.3% in December, far less than economists' expectations in a Reuters poll for a 1.2% increase, leaving them 2.9% higher than a year earlier, official figures showed on Friday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!