Arcadia chain to close 250 shops

Boss Philip Green says the VAT increase has lost the group £53mil in profits in the last year and will most probably force them to close up to 260 high street stores


Is George Osbourn's economic policies including the VAT increase chocking business growth in the UK?


Arcadia chain to close 250 shops
                               www.bbc.co.uk

The Top Shop and BhS chain Arcadia has reported a 38% drop in full year profits and is closing 200 stores.