High street job losses mount with Homebase next in line for closures
by Patrick Collinson from Economics | The Guardian on (#3WP95)
Analysis by New Economics Foundation says lost jobs are a 1.5bn cost to GDP
The DIY chain Homebase is expected to reveal the closure of up to 80 stores this week as job losses from Britain's high streets total more than 30,000.
Homebase is battling for survival amid a slowdown in the housing market as well as rising costs and increasing pressure from online rivals and discounters such as B&M.
Related: UK high street sales fall for fifth month running
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