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Rise in UK retail sales value defies City forecasts

UK retail sales value in February was up 4.5% on the same month last year, according to an industry survey which is likely to provide some reassurance about the health of the consumer sector.

The year-on-year growth in sales recorded by the British Retail Consortium (BRC) for February, in a survey published today,

represents a significant acceleration from a rate of just 1.2% in a snow-hit January.