The Latest Breaking News from Wilko

From chip shops to tech start-ups, and even large, well-established companies, rising interest rates have had an impact right across the business world. After 14 consecutive base rate hikes by the Bank of England since 2021, this is causing particular problems for companies with a lot of debt.

Administrators try to secure rescue deal for retailer, with talks expected to go on well into next week

PwC says it will restart helpline and chat system ‘soon’ as it tries to find buyer for all or part of business

Most day-to-day operations continuing, but expected store closures likely to result in job losses

Most of Wilko’s shops are expected to close within weeks, the GMB Union said

In today’s newsletter: More than 7.5 million people are waiting for treatment of some kind in England – what does that really mean?

As the chain enters administration, its customers praise its convenience, prices and range of products – despite recent supply issues

We want to hear from workers at Wilko following the news that dozens of outlets are expected to shut

We’d like to hear from shoppers what they will miss after the news that the retailer is expected to close dozens of outlets