The UK high street is set to be hit with further shops closing before Christmas. Wetherspoons, M&S and Homebase are just some of the major retailers who will be shutting shop.

According to the Centre for Retail Research, there were nearly 10,500 shop closures in 2023. This equated to almost 119,000 job losses across the sector.

Meanwhile, in the first half of 2024, it saw 1,846 shops close down and 24,000 people out of work.

There are several reasons why shops are shutting down with inflation…