High-street spending 'acceptable'

Oxford Street.
Oxford Street. Credit: PA

High-street spending in the run-up to Christmas has been "acceptable but not exceptional", the retail industry trade association said today.

Spending over the final weekend before Christmas hit the predicted £5 billion, according to the British Retail Consortium (BRC), but swathes of retailers still risk going under after the festive period.

As more shoppers flock to the web rather than the shops to buy presents, high-street retailers face the threat of closure, business recovery group Begbies Traynor warned.

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