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By Andy Bruce and Li-mei Hoang LONDON (Reuters) - British retail sales grew in July at the slowest annual rate since November last year, while the government failed to make major inroads into a looming overshoot in public borrowing, data showed on Friday. The figures add to signs that Britain's consumer-led recovery might be starting to slow, and leave the government with a lot of catching up to do if it is to meet full-year borrowing targets in the run-up to May's national election. Monthly growth in retail sales volumes unexpectedly fell to just 0.1 percent in July, down from 0.2 percent in June and bucking forecasts for a rise to 0.4 percent. Sterling dipped slightly against the dollar after the data, while British government bonds were unmoved.