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Retail sales hit their lowest for over a year
27/09/2011
This month saw the UK retail market suffer the worst for 16 months. This has been blamed on low wage growth, high prices and rising unemployment.
According the latest distributive trades survey 24% of retailers reported that sales were higher than the same month last year against 39% who reported a fall for the same time period.
With this data collated the result was -10%, the lowest level it has been seen at since May 2010 but yet the level expected by analysts. The projected level for October is expected to rise by a measly 1% to -14%.
With retail sales being at such a low, more and more homeowners aged 55 and over are turning to equity release plans. With these plans such as the drawdown lifetime property owners can release much needed funds to either help their grandchildren, top up their pension fund or complete those vital house repairs.
To find out more about equity release plans and how they can help free up some much needed money for you, contact the right equity release.
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