Retail sales fall - Today's small business news roundup

  • By Josh Hall
  • 23 May 2012
Retail sales fall - Today's small business news roundup

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.

This is according to David Walker, the author of a major report into banking practices. Read more about interest rate swap mis-selling. [Telegraph]

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]

Read more about: Tax and finance , Landlord