Following a sharp fall in retail sales in July, the Confederation of British Industry (CBI) expects August to be a bleak month for consumer spending.
 
In the recent Distributive Trades Survey, 61 percent of those who took part reported a drop in sales compared to the previous years’ July, with just 25 percent reporting an increase. [...]

 
With rising fuel, food and energy prices, more and more people are turning to the internet for cheaper deals to help make it through the credit crunch.
 
According to the IMRG Capgemini e-Retail Sales Index, British consumers spent 38 percent more online in the first half of 2008, compared with the same period the previous year.
 
What [...]