High Street trading dive worst for 25 years

Hugo Duncan, Evening Standard said 60% of retailers reported a fall in business this August compared with just 13% who said it was rising. The rounded balance of minus 46% was sharply down on the minus 36% recorded in July and the lowest reading since records began in 1983. It was even more desperate than in the last recession of the early 1990s and pointed towards further pain for the British economy. Sir... [read full story]