140,000 retail jobs lost in worst year for quarter of a century. That’s Tory government for you

Pretty soon, high street shopfronts will be no use as anything other than sheltering spots for homeless people.

So much for the party of business.

Guess what I’m going to say?

That’s right: 14 million Tories voted to flush our shops down the sewer.

Let’s sit back and watch…

… as Boris Johnson does nothing about it apart from talk out of his clacker.

More than 140,000 jobs on UK high streets have been axed in the past year, new figures suggest.

2019 has proved the worst year for high street employment levels in a quarter of a century, according to a report by the the Centre for Retail Research (CRR).

More than 16,000 stores shut their doors for good over the course of the year, the new data shows.

The CRR said job losses had leapt by more than a fifth over the past 12 months compared to the previous year.

It warned the year ahead could see an even more dire outlook for traditional retail stores and jobs.

The majority of job losses, around 78,600, came as part of store closures by retailers cutting costs, as the growth of online shopping and high fixed costs of bricks-and-mortar stores took a heavy toll.

Source: 140,000 retail jobs lost in worst year for quarter of a century

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3 thoughts on “140,000 retail jobs lost in worst year for quarter of a century. That’s Tory government for you

  1. SteveH

    It is looking like the much heralded Tory High Street initiative is going to turn out to be little more than another con to enable the transfer of public funds to a load of spiv ‘consultants’.

    Ministers announce first 14 high streets to receive £1billion Government funding
    Each of the 14 town centres announced will receive up to £25 million worth of training, face-to-face support and access to research to give small business owners an edge.

    https://www.mirror.co.uk/news/politics/ministers-announce-first-14-high-21183374

  2. Grey Swans

    The retail industry has long known that it is the over 50s who shop on high streets. Nothing proves that age group’s ongoing impoverishment and increasing early death toll due to austerity, welfare and pension reform, than the death of the high street.

    The 1960s born men and women turn 60 in 2020, and have pension age 67 already, which inevitably will rise to 70 going on 75, meaning early works pension will increase from 55, through 57, to 65.

    If Labour had won, public sector workers would have gained 5 per cent pay rise, the bedroom tax would have gone, and the beginning of minimum wage rise to £10 per hour.

    A university professor has written a book showing the reasons for poverty are the same today as they were in the 1890s and early 1900s, with the help to the destitute lost, only gained after that time. We are back to the Victorian and Edwardian pre first world war era.

  3. Carol Fraser

    Ably assisted by the uncertainty of Brexit. If you think it’s bad now you ain’t seen nothing yet.

Comments are closed.