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UK retail suffering from collapse in consumer spending, says CBI

Almost two-fifths of Britain’s retailers have closed for business completely as a result of a Covid-19 lockdown that has prompted a collapse in consumer spending unmatched since the financial crisis in late 2008. 

UK retail suffering from collapse in consumer spending, says CBI
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UK retail suffering

April’s monthly health check of high street and online sales from the CBI reported that two-thirds of businesses had been adversely affected by the pandemic and almost all said they were experiencing cashflow problems.

Read more at the Guardian

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