UK Retailers To Face Weak Demand And Higher Costs In New Year, Says Industry Report
LONDON, ENGLAND - DECEMBER 19: An inverted Christmas tree window display is seen as shoppers walk in the Oxford Street retail district on December 19, 2023 in London, England. A report issued today by the Retail Think Tank forecast a difficult start to 2024, with weak consumer demand driven by higher mortgage and rental costs. Retailers will then face an increase in the minimum wage, and a rise in business tax rates, from April. (Photo by Leon Neal/Getty Images)
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