Volumes drop 2.7% year on year in October as high interest rates and poor weather drive away shoppersBusiness live – latest updatesRetailers in Great Britain suffered a slump in sales in October as the impact of high borrowing costs and rising prices signalled a high street recession in the run-up to Christmas.Bad weather also played a part in a 2.7% year-on-year fall in retail sales that the Office for National Statistics (ONS) said hit clothing and household goods stores the hardest. Continue reading...