British Retail Consortium points to ‘crippling’ business rates, the cost of living crisis and Covid as factors
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Britain has lost 6,000 storefronts in five years, new figures show, with financial pressures forcing shop owners to close their stores and leave cities with undesirable “gap-toothed high streets”.
Covid, the cost of living crisis and “crippling” business rates are causing businesses to desert retail spaces, and local councils must come up with a “cohesive plan” to invigorate shopping areas, the British Retail Consortium (BRC) warned.
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