
Pretty soon, high street shopfronts will be no use as anything other than sheltering spots for homeless people.
See those empty shops on your local high street? They are a sign of Tory economic failure – and they’re not going to magically fill up by themselves to fulfil neoliberal dreams.
They need investment – which isn’t going to happen under a Conservative government because the Tories have managed to increase the national debt from around £800 billion to £2.2 trillion in the nine years they’ve had control of UK economic policy.
Put simply – and I’ve stated this many times before – Tories simply don’t understand how to run an economy.
One in 10 shops in UK town centres are lying empty, according to figures that underline the scale of the high street crisis.
The national town centre vacancy rate climbed to a four-year high of 10.2% last month, according to the British Retail Consortium (BRC) vacancies monitor. The vacancy rate has risen in each of the last four quarters to give the highest reading since April 2015, up from 9.9% three months ago.
The BRC’s chief executive, Helen Dickinson, said some struggling high streets were trapped in a downward spiral: “Empty shopfronts, particularly for larger stores, can deter shoppers from an area. This effect can be cyclical, with the long-term decline in footfall pushing up vacancy rates, particularly in poorer areas.”
Source: UK high streets ‘in downward spiral’ with one in 10 shops empty | Business | The Guardian
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