UK: Towards recession
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U.K. house prices fell for a third month in four in February and retail sales declined as economic uncertainty weighed on Britons’ spending.
Home prices dropped 0.5 percent from January to an average 160,118 pounds ($252,600), Lloyds Banking Group Plc (LLOY)’s Halifax mortgage-lending unit said in a statement in London today. A separate report from the British Retail Consortium showed sales at stores open at least 12 months decreased 0.3 percent last month from a year earlier.
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