Disappointment at retail figures.AN EXPECTED rise in high street sales, ahead of January's VAT hike, failed to materialise Verb 1. materialise - come into being; become reality; "Her dream really materialized" materialize, happen hap, happen, occur, come about, take place, go on, pass off, fall out, pass - come to pass; "What is happening?"; "The meeting took place off without last month as official figures revealed a series of flat sales between August and September. The Office for National Statistics (ONS ONS Office for National Statistics (UK) ONS One Night Stand ONS Onslaught (Unreal Tournament 2004) ONS Oncology Nursing Society ONS Object Naming Service ONS Offshore Northern Seas ) data showed the second month in a row of zero growth in retail sales volumes. Experts had expected sales to rise by 0.5% as they predicted an early seasonal rush by shoppers to buy now and avoid the Government's move to increase VAT back to 17.5% from the temporary year-long reduction to 15%. |
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