Retail falls, interest rate rows, and house price movements - here's your need-to-know business news roundup.
Retail sales slumped in April according to official figures.
Sales volumes fell by 2.3 per cent, with the drop attributed to a 13 per cent fall in fuel sales. [BBC]
Banks have been guilty of “major failures” over the sale of interest rate swaps to small businesses.
House prices fell by 0.4 per cent over the past year according to the ONS.
The London market, which had not fallen since October 2009, saw a 0.2 per cent drop over the period. [Guardian]