The Mudcat Café TM
Thread #162855   Message #3916503
Posted By: Raggytash
11-Apr-18 - 03:51 AM
Thread Name: BS: Post Brexit life in the UK
Subject: RE: BS: Post Brexit life in the UK
Yet another adverse effect of Brexit has been reported today in the number of high street retailers which have closed.

"A net 1,700 chain shops closed their doors in 2017, according to analysis of the UK’s top 500 towns compiled by the Local Data Company (LDC) for PricewaterhouseCoopers. An average of 11 stores a day opened, while 16 a day closed. The data does not include independent shops.

Fashion and footwear stores were the hardest hit in 2017, according to LDC, as shoppers’ freedom to spend on non-essentials was diminished by rising food price inflation, partly fuelled by the fall in the value of the pound after the vote for Brexit in 2016."

Not the only effect but an effect.