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International Business Times UK

Nick Suter

Desperate British Retailers Suffer Sudden Private Sector Contraction As Struggling Families Pull Back Spending

Energy the Iran war Grant Fitzner Iran

Oxford Street, one of London's busiest shopping street (Credit: PHOTO: ROY KATZENBERG/WIKIMEDIA COMMONS)

The government reported some bad news for retail as sales have fallen further than expected in the month of April.

This bad news can be directly tied to the Iran War and the rise in energy prices both current as well as the rise in energy prices in the future.

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