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UK Retail Sales Rise Unexpectedly as iPhone Offsets Budget Gloom

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UK retail sales rose unexpectedly on demand for consumer tech including the new iPhone, a welcome boost for the new government after it was accused of hurting sentiment with warnings of tax rises in this month’s budget.

The volume of goods sold in stores and online increased 0.3 percent, rising for a third consecutive month, the Office for National Statistics said Friday. That was slower than the 1 percent increase in the previous month, but considerably better than the 0.4 percent decline…

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