Thursday, 7 June 2018

Tell The High Street The Economy Is Picking Up

The Government has once again said the economy is picking up but nobody seems to have told the High Street as yet another shop faces going to the wall.
A string of retailers and restaurant groups have fallen into administration in recent months, such as Toys R Us, Maplin, Warren Evans, Carphone Warehouse and Jamie Oliver’s restaurants.
Others, including House of Fraser, Mothercare and Carpetright, have resorted to company voluntary arrangements (CVAs) to close outlets and lay off staff.
Tesco is shedding 1700 jobs, Marks & Spencers 380, Sainsburys 2000, Morrisons 1500, Debenhams 320, Warren Evans 287, New Look 980, Prezzo 500, Littlewoods 1992, Carluccio's 500 and Poundworld 5000.
More than 40,000 retail and restaurant jobs have either been lost already or are at risk and a walk through any High Street and the rows of boarded up shops show that whatever measure the Government are using for the economy picking up, it is a very different one than the rest of us.

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