Much Grazing Before Any Ride to the Rescue

The HeraldJune 02, 2005

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Summary


REASONS to feel gloomy about the British economy seem to be multiplying like rain-soaked spring weeds.

Consider this latest piece of evidence: consumers paid back more on their plastic than they spent last month, the first time they have done that since May 1994.

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Extract


Much Grazing Before Any Ride to the Rescue

As a consequence, Britain's retailers, according to the latest CBI survey, are at their most downbeat in nearly 13 years about what their stores might manage to shift from their shelves this summer. According to the Bank of England, consumer credit ov...

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