"British retail sales grew more than expected in September after a surprise increase in sales of laptops and video games, the Office for National Statistics said on Thursday."By strange chance, Laban bought a new laptop in September - and his youngest son also got a new games console as a reward for better-than-expected GCSE results, after a paternal promise the previous autumn which at the time seemed unlikely to ever need redeeming. Fair play though - he got the grades. Perhaps that made the sales difference ...
How good that must have been for British laptop and video console manufacturers !
Terrible news !
"In a blow to the government's aspirations for exports to lead a recovery, the trade gap – the difference between imports and exports – widened to almost £10bn in September, prompting warnings that already lacklustre economic growth for the third quarter will be downgraded."
Perhaps one day someone will put two and two together and recognise that, for as long as we continue not to make anything, strong retail sales are part of the problem, not part of a solution.