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Evening Standard
Evening Standard
Business
Simon English

Recession fears fall as M&S and Tesco boom over Christmas

Retail giant Marks & Spencer hailed strong Christmas trading as it revealed record food sales and its highest clothing and home market share for seven years (PA)

(Picture: PA Wire)

FRESH hope that the UK could narrowly avoid a recession arrived today in the form of bumper Christmas trading figures from both Tesco and Marks & Spencer.

While that could indicate a last splash-out before austerity bites, the numbers are strong enough to suggest consumers are more resilient than feared.

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