UK retail sector axed nearly 150k jobs in 2018: Study

Some 148,132 jobs were axed as 20,000 shops and restaurants closed. More gloom is forecast next year as retailers continue to struggle in anticipation of Brexit. UK high-street retailers are hit by high business property taxation, flagging growth and rising online sales. A major casualty was Poundworld which collapsed with the loss of 5,100 jobs.

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