Analysis - Britain's ills on display in rising car
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By Olesya Dmitracova and Rhys Jones LONDON (Reuters) - One of Britain's few economic bright spots - a 13-month run of increased car sales - may actually say more about the country's ills than it does about its growth prospects. Much of the rise has been caused by a banking scandal, high fuel prices, erosion of savings and widening income inequality. "A perfect storm of factors have come together to create a real buyers' market at the moment," said Keith Lewis, a spokesman for the British car industry body, the Society of Motor Manufacturers and Traders (SMMT). First, the numbers. ...
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