uk iconUK

 

 

 

UK retailers say bailout funds not sufficient to stop 'imminent collapse'

British retailers have warned the government that its business bailout package of reliefs, grants and loans will not be sufficient to stop the “imminent collapse of many businesses”.

UK retailers say bailout funds not sufficient to stop 'imminent collapse'
smsfadviser logo
UK retailers say bailout funds

The British Retail Consortium said in a letter to small business minister Paul Scully and finance minister Rishi Sunak that the crisis “facing parts of the retail sector . . . must be addressed urgently ahead of the June quarter [rent] day”.

Read more at Reuters

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox