UK shoppers gain as prices fall again in March

Non-food prices drop by 2.6% year-on-year as retailers continue to respond to market conditions with bargains and promotions

Consumers have benefited from three years of continuously falling shop prices on non-food goods, according to the latest data from retailers.

Excluding food, prices fell 2.6% in March from a year earlier, according to the BRC-Nielsen shop price index.

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European markets fall as fears grow for global economy

Falling oil prices, mounting concern over a possible UK exit from the EU and the IMF chief’s warning about faltering growth fuel jitters

Stock markets across Europe have fallen following weaker than expected economic indicators, falling oil prices, and a warning from the International Monetary Fund stoked fears of a slowing global recovery.

All major European markets fell, with the FTSE 100 in London closing down 1.2% or 73 points at 6091.23, after new data indicated global economic uncertainty and concern over the EU referendum weighed on Britain’s services sector in March, in the latest sign that the UK recovery is losing momentum.

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