Rate Rise 'in the Bag' As High St Sales Take Off

Summary


A FEBRUARY increase in interest rates looked all-but inevitable today following official confirmation of a merry Christmas for retailers and a flourishing economic recovery.

Rubbishing reports of a miserable festive season on the High Street, the Office for National Statistics said retail sales jumped 0.9% in December - more than double the rise predicted by City economists.

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Extract


Rate Rise 'in the Bag' As High St Sales Take Off

That took the year-on-year rate of increase to 4%, implying a good, if unspectacular, Christmas by recent standards.

Me...

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