By Rupert Hargreaves UK retail sales have come in even worse than expected. According to the latest figures, excluding fuel, retail sales fell 1.5 per cent month-on-month in June compared to the 0.5 per cent decline pencilled in by analysts. According to the Office for National Statistics, volumes in all retail sectors fell, with the exception of petrol. Fuel sales rose more than 2.1 per cent for the period. Including fuel, retail sales fell 1.2 per cent. The biggest decline was recorded for department stores. Sales in this category fell by more than 3.1 per cent during the month of June. Matt…