IT is no surprise that UK retail sales last month fell short of expectations, rising by just 0.1% from May instead of the 0.6% predicted gain from the Queen's Diamond Jubilee.
But the 0.7% fall in food and drink sales, in defiance of hopes for a boost from jubilee street parties and gatherings over the long weekend, also points to the limited scope for a turnaround from one-off events.
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