UK High Streets Facing Extinction of Local Pubs and Businesses
An alarming report by small business insurance provider Simply Business has sent shockwaves through the UK, predicting the disappearance of 132,945 small businesses on high streets within 15 years. Among the most endangered are local pubs and bars, set to vanish in just over a decade.
Black Friday Deals Accelerating Decline
As shoppers eagerly await Black Friday deals, the future looks bleak for many independent businesses. Electrical appliance shops are facing the earliest extinction date of 2029, with online retailers offering unbeatable discounts. Shoe shops, homeware stores, and newsagents are also in peril, with extinction looming between 2034 and 2035.
‘Bleak Friday’ Campaign Raises Awareness
To draw attention to this crisis, Simply Business has partnered with The Pelton Arms in Greenwich, transforming it into ‘The Extinction Arms’ for their poignant ‘Bleak Friday’ campaign. Landlord Geoff Keen shared his concerns, highlighting the challenges faced by small businesses like his in the current economic climate.
Call to Action to Save High Street Businesses
As the ‘Bleak Friday’ campaign launches, shoppers are urged to support small and independent businesses during this critical retail period. Simply Business is encouraging business owners and shoppers to share their ideas on how to preserve high street businesses. With a decrease in business rates relief on the horizon, one lucky business will receive a £10k injection to help soften the blow.
In conclusion, the future of UK high streets hangs in the balance, and urgent action is needed to prevent the extinction of beloved local businesses. Let’s join forces to support our communities and safeguard the heart of our towns and cities before it’s too late.
