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'Beast from the East' responsible for biggest drop in UK retail sales in a year

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Retail sales suffered their worst quarter in a year in March thanks to snow storms which deterred shoppers.

The Office for National Statistics reported on Thursday that sales fell 1.2 per cent in the month in which the "Beast from the East" struck the UK.

For the first quarter as a whole sales volumes were down 0.5 per cent – the biggest quarter-on-quarter fall since the beginning of 2017.

Retail sales account for around 20 per cent of UK GDP and the first quarter drop adds to the evidence that the overall UK economy slowed in early 2018.

The ONS is due to release its preliminary estimate for Q1 growth next week.

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