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Materialism truly is the stuff of nightmares

Retail sales dipped unexpectedly last month.

Oh no. At this rate, shoppers will have spent only 0.6% more this year than last. The news was described variously as "shocking", "disappointing" and "bad". Meanwhile George Osborne, Ed Balls and John Swinney all talk up the need to "return to growth", aka business as usual.

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