Fashion
Retailers to lose £2.2 billion 1Q 2011
Retailers are set to lose an estimated £2.2 billion in sales during the first quarter of 2011 because of the 2.5 per cent rise in VAT introduced today, according to new research by Centre for Retail Research. Consumer spending will decline by 0.5 per cent year-on-year during Q1 and the tax change will cost each UK household on average £520,...
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