A business expert says more affordable housing would be a good use of space in Nottinghamshire's town and city centres as some economic uncertainty continues into the new year. Changes to high streets across Nottinghamshire were seen throughout 2022, with several shops and hospitality venues closing due to issues including inflation and the consequential squeeze on customer spending.
Big names including Jack Wills, Three Mobile and Cath Kidston were among the businesses announcing the closure of their Nottingham stores in 2022. In terms of Nottingham's restaurants and pubs, the sudden closure of the Italian restaurant Ottimo and the loss of the much-loved Hand & Heart within the city's caves were among last year's changes.
But new stores and hospitality venues did open and some shops were saved from closure, including Nottingham's branch of Joules. In terms of challenges, consumer price inflation has also begun to fall, with the Office for National Statistics reporting a rate of 10.7% in November, down from 11.1% in October - a bigger fall than expected.
