More than 12,800 stores shut in 2024, down on 2023, but extra costs expected to take toll this year, study suggestsThe UK’s high streets are expected to empty out at a faster pace this year as extra costs imposed on businesses by Rachel Reeves are blamed for shops closing and a slowdown in chain store openings.The rate of store closures is forecast to rise again as a result of the chancellor’s tax-raising budget last October, after a slowdown to 10 a day last year from 13 a day in 2023, according to research. Continue reading... Source link : https://www.theguardian.com/business/2025/mar/20/rate-uk-shop-closures-rise-after-budget-tax-changes-report Author