Since the recession started back in 2008, a number of retailers have gone out of business leaving a large proportion of UK high streets with empty shop fronts. One of the main reasons retailers struggled during the recession was because people started spending less money as the cost of living increased and wages remained stagnant, however this isn’t the only reason. All retailers based in the UK have to cover the costs of outgoings including rent on their premises, shop insurance and business rates, which is why they have called on the government to abolish the latter. Continue reading “Retailers push for changes to Business Rates”
Tag: high streets
UK Shop Owners advised to adapt for the Future
The past few years have been extremely difficult for shop owners in the UK as the high street has seen a marked decline in the number of people visiting on a regular basis. There are a number of factors which have contributed to this, including the fact that the recession means that most people have less disposable income and online shopping has increased in popularity. Continue reading “UK Shop Owners advised to adapt for the Future”