UK retailers may have to cut thousands of jobs after bleak Christmas
by Richard Partington Economics correspondent from on (#6TCG8)
British Retail Consortium figures show sales growth close to flatlining, as card spending fails to rise
Britain's largest retailers are warning they could be forced to cut thousands of jobs this year as the industry braces for higher taxes and employment costs after a bleak Christmas shopping season.
In the latest sign of tough trading conditions on the high street, figures from the British Retail Consortium (BRC) show sales growth over the golden quarter" between October and December came close to flatlining.
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