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Property props up UK spending

Posted on 27 August 2010

From Guardian: In the US, Ireland and Spain, the housing market is in freefall. Here, it isn’t, and that’s why Britons are still shopping - for the moment. How are the doomsayers going to explain this one? High street spending grew last month at the fastest pace in three years.
Summer sales, warm weather and the school holidays were cited as strong reasons for shoppers to set aside their worries and join the throng at Meadowhall, Bluewater and the Metro Centre……………………………………….Full Article: Source


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