Comments: Retail sales up, public finances poor

the difficulties on the spending side are coming, from debt servicing where presumably the inflation spike is impacting on CPI-linked borrrowing and a failure (so far) to cut cap spending sufficiently. otherwise revenues look to be the main miss; that's what happens when the budget targets 1.74% fiscal yr growth and the economy delivers only 1.0-1.2%.

Posted by JD at July 21, 2011 11:55 AM

Will this rise in sales volume be sustainable? With not much confidence in the economy, will consumers spend their money? And when the effects of the government spending cuts fully set in, will we see more high street retailers collapse like Jane Norman or TJ Hughes?

Posted by Marketinvoice at July 21, 2011 06:05 PM