LONDON (Reuters) – British retail sales posted their biggest fall in more than a year last month and growth in the number of people placed in permanent jobs in Britain slowed, raising the risk of another quarter of economic contraction. The bleak news from retailers will further complicate the Bank of England’s decision on Thursday on whether to give another cash boost to the economy, which slipped into recession at the beginning of the year. The central bank faces the dilemma of balancing weak growth with stubbornly high inflation. …
Weaker retail sales, jobs surveys raise risk of longer slump
by admin on Tuesday, May 8th, 2012 | Comments Off
