Business Live with Ian King: ‘Lacklustre’ January for retailers with price of residing pressures blamed

Retail gross sales grew at their slowest tempo in January for 17 months as shoppers continued to wrestle with the price of residing.

Total retail gross sales throughout the UK elevated by only one.2% year-on-year in January – down sharply from progress of 4.2% throughout the identical interval final 12 months, figures from the British Retail Consortium and KPMG mentioned.

Plus, British Patient Capital, a subsidiary of the government-backed British Business Bank, has invested in a brand new £76 million fund geared toward backing the UK’s subsequent technology of tech entrepreneurs.

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