News / Economic Divide

UK retail tumble

Thursday, 09 January 2020 2:15 PM [ Last Update: Thursday, 09 January 2020 3:12 PM ]

This photo taken on October 26, 2019, shows tobacco shops near the Franco-Belgian border in Adinkerke, which attract many British customers for the price of cigarettes and tobacco much cheaper than in the UK. (Photo by AFP)

The UKs last industry is in deep crisis as Brexit looms. The retail industry has slipped into major decline in Britain, its fate sealed by a combination of political uncertainty, social economy and consumer preferences changing at a rapid rate. What then lies ahead for the British High Street? Is this the beginning of the end?

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