UK retailers cutting jobs at fastest rate since 2009, CBI says

Crisis likely to worsen as Covid pandemic dents consumer confidence, survey shows

Britain’s beleaguered retailers cut jobs at the fastest rate for more than a decade over the last 12 months, as the pandemic accelerated the longstanding decline of the high street.

Despite official figures last week that showed some signs of recovery as lockdown restrictions eased, a gloomy CBI report on Tuesday showed the level of staff losses in the year to August were the highest since February 2009, with fears of worse to come.

Continue reading… Source: The Guardian: UK retailers cutting jobs at fastest rate since 2009, CBI says ———

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