UK retail sales in 2020 post record fall; government borrowing rises – business live

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Clothing and petrol sales in record declines while online sales hit all-time high, UK government borrowing rises to the highest-ever December on record

Here’s some instant reaction to the official figures. Ian Geddes, head of retail at Deloitte, says: Despite the challenges that 2020 brought, retail overall has shown some resilience in the final month of the year. Strong performance in grocery and record-breaking online sales for non-food meant that Christmas 2020 was the most digital ever.

 

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