Lately, it seems that a day doesnt go by without another gloomy forecast about the retail sector. At the moment, anticipated price hikes are making the headlines, with Brexit, higher inflation, an unstable pound and business rates all being cited as contributing factors. Consumer confidence is another regular theme. The Scottish Retail Consortium recently called on the Scottish Government to rule out any changes to Scottish income tax rates as a way of bolstering consumer confidence in the face of flat wages, rising household bills and the consequent shrink in discretionary spending power.
The retail sector has certainly been one of the busiest for the insolvency profession in recent years. Over the last decade, numerous hou…
Read the full article at: http://www.scotsman.com/news/opinion/joanna-clark-expect-more-high-street-casualties-as-struggling-retailers-turn-to-insolvency-1-4573928