In recent years there has been a significant change in the pattern of relationships within the economy: between the disposal of the output of British manufacturers abroad and in the home market, and the relationship of that with retail buying at home and abroad. This changing pattern requires a more lively acceptance of the place of retailing in the national economy. It is the retail trade's obligation to explain these facts to Press, Parliament and public. This was the main thesis propounded by Lord Redmayne, deputy chairman of the House of Fraser and until recently Chairman of the Retail Consortium, in a special address to the Industrial Society, which we summarise here.
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