LONDON: Retailers are preparing to slash prices for the Bank Holiday weekend despite a survey revealing that prices on the high street are rising at the fastest rate in decades.
The latest Confederation of British Industry survey reveals that two thirds of retailers say prices are up on a year ago, while 9% say prices are down, the fastest pace of price increases since February 1992.
But retailers including B&Q and Wickes have launched press campaigns ahead of the Bank Holiday weekend with special offers and discounts.
