Retailers are on the brink of collapse and the Chancellor's Budget 'will dial up the challenges' - London Business News | Londonlovesbusiness.com
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from London Business News | Londonlovesbusiness.com2 months ago
The latest Red Flag Alert report reveals that social, economic, and operational pressures are pushing many UK retailers to the brink of collapse, marking a worrying trend.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/retailers-are-on-the-brink-of-collapse-and-the-chancellors-budget-will-dial-up-the-challenges/
‘Clearly, some retailers have found ways to manage financial pressures effectively, but others, particularly in general retail, are struggling under the weight of rising operational costs and squeezed consumer spending.’
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/retailers-are-on-the-brink-of-collapse-and-the-chancellors-budget-will-dial-up-the-challenges/
The measures announced in the Autumn Budget, including national insurance contribution increases, will significantly dial up the challenges faced by businesses and negatively impact cash flow.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/retailers-are-on-the-brink-of-collapse-and-the-chancellors-budget-will-dial-up-the-challenges/
We expect elevated insolvency levels across this sector during 2025 due to ongoing financial pressures and the predicted recession impacting consumer spending.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/retailers-are-on-the-brink-of-collapse-and-the-chancellors-budget-will-dial-up-the-challenges/
Read at London Business News | Londonlovesbusiness.com
#retail-sector #insolvency #consumer-spending #economic-crisis #cost-of-living
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