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Retailers buoyed by strong growth in high street sales

THE year-on-year pace of growth in UK retail sales value accelerated from 3% in January to 4.4% in February – the fastest rate for three years excluding distortions relating to the timing of Easter – industry figures show today.

The survey, published by the British Retail Consortium, provides some relief amid a slew of gloomy economic indicators at a time when the UK economy is in danger of recording its third recession since 2008.

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