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The Guardian: "Jessops shuts stores for last time with the loss of 1,370 jobs"

"Jessops is one of many high street names to go bust in the last year. It follows electrical retailer Comet and JJB Sports into the shop graveyard, with analysts saying there are likely to be many more victims before the economic recovery takes hold.

"Figures covering the Christmas period show shoppers were reluctant to spend while wage rises remain constrained and cuts to welfare payments are in the pipeline. Only a handful of upmarket chains, including John Lewis, improved their sales significantly."

Daily Telegraph:
"UK GDP shrank 0.3pc in fourth quarter, says Niesr"
"Earlier today, sluggish UK industrial output data on Friday [sic] and a sharp fall in construction added to evidence that the economy contracted in the fourth quarter of 2012.

"... That would be further bad news for a government struggling to convince voters and economists that it can get the economy back on to a growth track while cutting public spending to reduce the budget deficit."

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