We can continue our pre-election journey through the UK economy as this morning we received the Retail Sales numbers. As we were getting used to better news the contrary nature of this series produced this. Retail sales volumes (quantity bought) fell by 2.3% in April 2024, following a fall of 0.2% in March 2024 (revised from 0.0%). So not only was April very weak but March was revised slightly lower too so it was from a worse start. But let me give you my first perspective which is that I am already wondering if the timing of Easter ( the April numbers start on Easter Sunday) created another seasonal adjustment ... (full story)