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BRC Estimates 85,000 Retail Job Losses in the Last Year

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A report from the British Retail Consortium shows the number of retail employees declined by 2.8% in Q3 - the 15th consecutive quarter of year-on-year-decline.

Using ONS data, the BRC calculated that the 2.8% decline represented the loss of 85,000 jobs in the last year, prompting further calls for the government to reform business rates.

Helen Dickinson, CEO of the BRC, said:

"Weak consumer demand and Brexit uncertainty continue to put pressure on retailers already focused on delivering the transformation taking place in the industry.

"While MPs rail against job losses in manufacturing, their response to larger losses in retail has remained muted.

"The government should enact policies that enable retailers to invest more in the millions of people who choose to build their careers in retail.

"We expect the long-term decline in employment to continue due to a combined effect of the on-going structural change, weak consumer spending and fierce competition in the industry." 

Source : Insight DIY Team 

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24 October 2019

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