Back The Guardian ‘Tsunami of closures’ threaten UK high streets as debt grows fivefold
Search Sections 25 Jul
Close
Advertisement
15 Jul 7:01pm

‘Tsunami of closures’ threaten UK high streets as debt grows fivefold

The Guardian
Shops, hairdressers and small bars battle to survive after lockdown closures, report finds Independent high street businesses could face a “tsunami of closures” after their debt climbed to almost five times the level it was before the Covid-19 pandemic, as shops, hairdressers, bars and restaurants battle to survive. About 150,000 small businesses have racked up £2.3bn in debt, up from £500m before the pandemic, based on government-backed loans and not including rent debt, according to a report from Bill Grimsey, the former boss of Wickes and Iceland, who has backed a series of investigations into the state of the high street.
Read full story
 Like Comment
Advertisement

Comments

No comments yet...
On the top

Date settings

Today is Sunday, July 25, 2021

+ 1 -
+ 1 -
+ 2016 -

Close

By using our website, you agree to the use of cookies as described in our cookie policy.

Accept

The Guardian

Close