UK company insolvencies rise over pre-pandemic levels – business live | Business

Good morning, and welcome to out rolling coverage of the world economy, the financial markets, the eurozone and business.

There are only 8 days to Christmas, but many people have got their festive shopping in early, it seems.

British retail sales jumped by 1.4% in November, data just released show, thanks to strong trading around Black Friday and in the lead up to Christmas, the Office for National Statistics says.

It puts retail sales 4.7% higher than a year earlier when many shops had to shut in England’s 2020 lockdown.

Office for National Statistics (ONS)
(@ONS)

Our latest data show retail sales volumes rose by an estimated 1.4% in November 2021 compared with October 2021.

This is 7.2% higher than their pre-pandemic levels (February 2020) https://t.co/IonApRCZZ4 pic.twitter.com/DDPGyR6eCv

December 17, 2021

Spending at clothes stores jumped by 2.9%, lifting clothing volumes above their pre-coronavirus levels for the…

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