Phi Wire Hand Picked Politics - Live

  • Editorial | The Guardian view on Fiona Woolf and the child sex abuse inquiry

    • source icon
    • 18:56
  • James Murray | The debate about building ‘the homes we need’ has to go beyond numbers

    • source icon
    • 18:27
  • Claire Cohen | Fiona Woolf quits: Everyone has a social life. Did she really have to walk?

    • source icon
    • 18:22
  • So we were up 13 points in Rochester last week. Now up by 15. And our numbers ha...

    • source icon
    • 18:14
  • Anthony Wells | Survation poll in Rochester has UKIP lead growing to 15 points

    • source icon
    • 17:54
  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

Story Tracker

Select Story:

Retail spending drops sharply

Retail spending drops sharply

The mixed indicators about the state of the economy continued today, as retail figures showed spending fell 0.8% in the month of October.

However the Office for National Statistics also found that year-on-year figures showed an upward trend, with spending up 1.6% compared to 12 months previously.

Yesterday the ONS released labour market figures showing a 49,000 drop in unemployment, though Bank of England Governor Sir Mervyn King gave a pessimistic outlook on the economic recovery and slashed the UK’s growth forecast next year to 1%.

The director general of the British Retail Consortium, Stephen Robertson, described the figures as "miserable", and claimed high street stores across the country have "a lot of ground to make up" if they're going to make a profit over the Christmas period.

"It’s miserable on the high street at the moment. I don’t think anybody’s having a good time. Frankly the news headlines of big and small retailers having to shed jobs has been with us for the last few weeks," he told BBC News.

"We can already see that volumes are going backwards and we’re going to have to make up a lot of ground in the next six weeks if we’re going to turn in profit for this year."

Green Box: Retail spending drops sharplyClick to open

+ Expand all - Collapse all

Recommended External Links

Full access for £22 a month...

PoliticsHome PRO Find out more

Related PRO Content