UK shop prices fall less sharply as retailers brace for tax hit

Prices in British shops fell less in March than in February and are likely to climb soon due to the impact of a new tax on employers and other costs for retailers, an industry group said this week.

The British Retail Consortium said shop prices fell by 0.4 per cent in the 12 months to March compared with a bigger 0.7 per cent annual drop in February and less than