#high-streets

#high-streets

Britain's high streets face a critical moment, the Co-op has warned, as new research reveals 60,000 small shops and 150,000 jobs could disappear without urgent business rates reform. The findings, released ahead of the Autumn Budget, show around 7 in 10 UK adults (69%) lack confidence that the Government will deliver on its promise of relief for small businesses - despite repeated pledges in previous budgets.

London's high streets will receive a £600,000 investment from City Hall as part of an economic growth initiative, benefiting twelve town centres each with £50,000.

The health of high streets across the country has varied significantly, with areas like Bradford, Newport, and Blackpool showing double the empty shops compared to London.

Despite favourable weather throughout May, footfall took a disappointing turn last month, following a more promising start to the year.