High Street sales at 6 year low

Retailers are braced for more bad news this week as industry figures have showed already that high street sales had fallen to a six year low. The BRC's monthly snapshot of the high street is expected to show that spending fell about 1.5% against the same period a year ago. July is typically a strong month because of summer discounting and the start of the school holidays.

Dr Tim Denison, head of retail traffic monitor SPSL said "there is now a developing sense that consumers in the UK are becoming 'shopped out'. No matter how cheap the goods, people are begging to think "enough is enough"