Government 'offering practical support' to High Street

High streets are facing challenges such as the rise of internet shopping, which is why the Government is offering practical support. That's why we've doubled the amount of small business rate relief and extended it for a year to help up to half a million new and smaller shops.

For budding entrepreneurs, we're providing over £80 million of start-up loans for young people starting their own businesses.

– A Department for Communities and Local Government spokesman

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Half of retailers will shed jobs

Around 50 per cent of retailers will shed jobs in the first quarter of 2013, according to research by the British Retail Consortium. The number of shops fell by almost 600 last month even before the recent collapse of a raft of High Street names.