Thursday, June 19, 2008
Retail sales surge, King's gloomy
Posted by David Smith at 10:15 AM
Category: Thoughts and responses

Some figures surprise, some are real shockers. A 3.5% jump in retail sales last month definitely fell into the latter category. People will probably have a Victor Meldrew response to this, the largest ever monthly jump in sales volume. More details here. Mervyn King's Mansion House speech, warning of deep gloom ahead, could not have been more in contrast. It is here.