Online UK Retail Surges While High Street Revenues Fall

With the UK's retail sector being hit hard by the ongoing recessionary trend, online retailing seems to be the saviour that would make up for the losses in trade in the high street stores, according to a recent study. A new study commissioned by the online payment system PayPal estimated that spending over the web in the UK seems poised to double to £21.3 billion, from just under current £9 billion, by the end of 2011. Presenting a gloomy picture for the...