British businesses are under such strain that around 50,000 are on the brink of collapse according to a recent report. Retail is an especially vulnerable sector, with predictions that over 17,300 shops will close this year, costing 200,000 jobs.
Last year, the equivalent of 38 shops closed every day. A few re-opened, but most did not, fuelling a sense of economic decay on high streets across the UK where 15% of shops are now empty. In some particularly badly hit places, more shops are closed than open.
