UK retailers are reporting the largest sales decline on record, and there has been a significant dip in demand for retail staff.
Same-store sales plunged 4.2% from a year earlier, the British Retail Consortium said on Wednesday. A 3.1% decline in total sales was the sharpest since the survey began in 1995. Separate figures from the Recruitment and Employment Confederation showed that permanent staff appointments across the U.K. increased at the weakest pace for four months, with a “significant dip in the demand for retail staff amidst the high street crisis.”
Commenting, Gareth Thomas MP, supporter of the People's Vote campaign, said:
“UK retailers and high-street stores are feeling the squeeze, with Brexit uncertainty clearly playing a big role.
“With household names like Toys R Us and Maplin falling into administration and linking their demise at least partly to Brexit, retailers face a perfect storm of problems.
“A Brexit that kills off our high-street retailers is not the one that people voted for. That’s why we need a People’s Vote on the terms of the final Brexit deal.”