Retail sales fell in August due to the Olympics

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Retail sales fell in August as the success of Team GB in the Olympics failed to have a positive impact on the high street. 

George Osborne was booed yesterday by a 80,000 Paralympic crowd in response to his swinging cuts to disabled people's benefits.

Retail sales values were down by 0.4% on a like-for-like basis last month.

Apart from Easter it was the weakest month since last November, the British Retail Consortium (BRC) said.

The sporting event gave a mild boost to food sales in the form of party food and drink, the BRC said, but the net effect of the Games was minimal as lower footfall in London hit sales.

Stephen Robertson, director general of the BRC, which represents some 60% of retailers, said: "It's clear people were absorbed by the magnificent Olympics and had little interest in shopping, especially for major items."

The research will fuel fears over Britain's economic recovery as the country struggles to emerge from the longest double-dip recession since the fifties.

Source: sky.com

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Chancellor George Osborne is Booed At Paralympic Games The cabinet minister is booed as he takes part in a medal ceremony at the Olympic Park - while Gordon Brown is loudly cheered.

The Tory cabinet minister appeared on the big screen before a medal presentation in front of an 80,000-strong crowd in the Olympic Stadium.

He laughed nervously as jeers rang out around the packed arena, as he prepared to give gold to Tunisia's T38 400m champion Mohamed Farhat Chida.

Source: news.sky.com