18 high street shops closing per day

Town centres are continuing to suffer despite the upswing in the economy, a leading accountancy firm has found.

High street shops were closing at a rate of 18 per day during the first half of 2013, with charity stores, betting shops and cheque cashing outlets filling the void.

British high streets are still suffering a decline despite the burgeoning economic recovery, PwC said. Credit: PA

A study of 500 UK town centres from accountants PwC compiled by the Local Data Company showed 3,366 outlets closed in the six-month period, compared with 3,157 openings, a net reduction of 209 shops.

Video and photography and women's fashion shops suffered the biggest drop in numbers.

Mike Jervis, insolvency partner and retail specialist at PwC, explained: "Upticks in areas such as cheque cashing and pawnbroker reflect a society where a sizeable part of the population is forced to turn to these types of borrowing for basic needs."