High streets across the UK are being hit by a wave of business closures amid rising costs and falling consumer spending
If you’ve spotted your local high street looking unusually deserted recently, it’s likely because businesses nationwide are grappling with escalating costs, increased taxes and dwindling consumer spending. Businesses across the UK are battling ongoing economic challenges, with insolvencies remaining high.
From April, hikes in National Insurance contributions, along with rises to the Minimum Wage and the National Living Wage, are set to heap further financial pressure on businesses.
Using official…