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Reasons to be fearful on high street

Retailers will be hoping for a Christmas miracle after consumer confidence fell again last month.

The closely watched GfK consumer confidence index fell to -10 over the past month, showing that consumers were more gloomy than they had been in September, which scored -9, and August, at -7.

This does not bode well for sellers preparing for the festive selling season and for sellers of big-ticket items, such as car dealers, which are already suffering a sharp drop in trade.

Click here for the full Times article (£)

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