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British economy faces threat of lost decade
There could be few better symbols of the fragile state of Britain's recession-scarred economy than the news that with HMV and Blockbuster joining the dismal roll call of retailers forced into administration, an extraordinary 1,400 shops on high streets up and down the country are now at risk of closure within less than a month. Research by the Local Data Company suggests that the combined impact on the high street of these two latest victims, together with the recent collapse of electrical retailer Comet, shoe shop Stead and Simpson, and camera specialist Jessops, has been even heavier than during 2009, when the ... (full story)