date:Jul 16, 2014
Retail growth in the UK slowed in June to one of its weakest rates in three years.
The British Retail Consortium said total retail spending in June was only 0.6 per cent high than the previous June. This equates to the lowest growth rate since May 2011, if annual volatility caused by the timing of Easter is excluded.
One possible reason for this could be that people are responding to fears of higher interest rates. There is a fear that the Bank of England will raise their interest rates later