Retail sales fall despite World Cup and hot weather boosting alcohol and drinks trade - business live

Rolling coverage of the latest events in global financial markets, the economy and major corporate movesExperts are urging caution on public spending after this mornings public finances data, which was worse than expected.Elliott Christensen, a senior economist at the Resolution Foundation think tank, said:Stronger growth in the first half of the year contributed to strong tax receipts in July. But it has failed to deliver a wider public finances windfall as the economic impact of conflict in th...