Good Old Labour28 Dec 2024 12:11
N yet another sign of the crisis on the High Street, insolvency specialist Begbies Traynor said 2,124 retailers were in 'critical financial distress', up 25pc on the previous quarter, according to the group's Red Flag Alert report. The alarming figures came a day after the Mail reported that more than 8,500 stores had closed down this year with the loss of 130,000 jobs. Industry experts warn worse is to come in 2025 as the sector faces a £7bn rise in the cost of doing business following the Budget