The newest data shows data published by the British Retail Consortium (BRC) that 1 in 10 shops in the UK high streets and shopping centers were empty in the month of October. Wraiths of empty stores haunt the UK high streets as retailers face stagnating sales and growing costs as well. The survey released on the 19th of November indicates that the situation is to deteriorate.
Hopes that the U.K. economy is on the way back from the double-dip recession have been cooled by the latest data released by the British Retail Consortium. According to findings, British retail sales not only dropped sharply in the month of October but also increased at the slowest rate for almost a year as Britons cut down their spending only to basic products such as food and drink.