Retail sales in the U.K. as measured by a leading index have dropped for the first time in three months on signs that consumers are coming under increasing pressure from the uneven economic recovery, according to Bloomberg.
The latest data suggests that growth for the U.K. manufacturing may be slowing after a strong rebound in the first part of the year, while inflationary pressure continues to increase, according to The Daily Telegraph.
Public sector borrowing in the U.K. rose during the second month of the year to the highest level for February since records began, raising concerns about the budget set to be unveiled this week, according to The Daily Telegraph.
The latest research has found that retailers in the U.K. saw only a small increase in sales during the second month of the year over concerns regarding the country’s economic outlook, according to The Daily Telegraph.
Retail sales in the U.K. slowed dramatically in the second month of the year, raising a fresh round of questions about the strength of the country’s economic recovery, according to The Wall Street Journal.
The first economic for 2011 are setting a bleak scene for the U.K. economy even before government spending have their full effect, with retail sales and home prices slumping, according to The Wall Street Journal.
Industrial output in the U.K. is expected to quicken in the first three months of 2011 despite increasing price pressure on manufacturers that could affect inflation for the economy as a whole, according to The Wall Street Journal.
The Prime Minister of the U.K., David Cameron, has called for an agreement between the government and the country’s banks over both remuneration and lending practices, according to The Wall Street Journal.