UK retail sales dive sparks biggest FTSE 250 fall since last summer

Consumer spending growth falls to 2013 levels, wiping £9m off index considered better indicator of UK economy than FTSE 100A worse-than-expected decline in retail sales volumes has sparked the biggest daily fall in the FTSE 250 since last summer, with shares in retailers, housbuilders, restaurant chains and car dealers all going into reverse.The index lost 2.1% after the grim retail data was published. Sales volumes fell by 1.2% in May– their slowest rate for four years – as ri