Bank of England

Retailers were hit by a bigger-than-expected drop in sales this month, according to a CBI survey of high street spending that is likely to spark further calls for ministers to reverse tough economic policies.Retail sales fell at their fastest...

The Bank of England has held the interest rate at five per cent for the fifth month running despite increasing fears of an imminent recession.The British Retail Consortium said that although it agrees with today's decision, the bank should...

For the first time in nine months retail sales in U.K. fell unexpectedly in October as shoppers bought less food and clothing, a sign higher borrowing costs are squeezing consumer spending.Retail sales declined 0.1 percent, compared with an increase...

The retail prices in Britain climbed by 0.4 per cent in September which was same as the year-on-year rise recorded for shop prices in August, the British Retail Consortium (BRC) said.The trade association said food continues to be the...