CBI survey shows recovery


BUSINESS conditions in British shopping centres are more upbeat than at any point since the consumer boom of 1988, retailers have reported.

The surge in spending is welcome news for the British government, but it may provoke concern in the Bank of England where officials fear that a sudden surge in spending could unleash inflationary pressures.

Yesterday's business survey from the Confederation of British Industry showed that retailers themselves were now reporting an acceleration in price increases.