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Meteoric rise in retail sales baffles City

UK retail sales rocketed by 3.5% during March alone, a rate which would annualise to 42%, according to official figures yesterday which have a strong claim to being the most astounding economic data in recent years.

UK retail sales rocketed by 3.5% during March alone, a rate which would annualise to 42%, according to official figures yesterday which have a strong claim to being the most astounding economic data in recent years.