Credit, Collections & Insolvency News
New analysis by the British Retail Consortium (BRC) shows that 400 large-format stores are at risk of closure, if they are included in the Government’s new business rates surtax on premises with a rateable value over £500,000. The retail industry accounts for 5% of the economy yet pays over 20% of all business rates bills.…
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British towns have lost 6,000 retail outlets over the past five years, though the vacancy rate has improved in some settings, according to latest British Retail Consortium figures. The figures showed that the biggest 650 towns across have lost a combined 6,000 retail outlets, such as shops and restaurants, since 2018 with vacancy rates reaching…
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A report from the British Retail Consortium (BRC) and Local Data Company (LDC) has revealed that the number of shops lying vacant on British high streets fell during the final three months of 2022. In the fourth quarter of 2022, the overall GB vacancy rate improved to 13.8%, which was 0.1 percentage points better than…
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New figures from the Centre for Retail Research (CRR) showed that there was a sharp rise in the number of shops closing on the high streets, shopping parades, and out-of-town shopping parks in 2022. More than 17,000 sites shut up in 2022, the highest number for five years. Total closures were nearly 50% higher than…
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