What’s in store?

This report from the UK think tank Centre for Cities explores the relationship between city economies and the strength and diversity of their high streets and city centres.

The report finds that stronger city economies create the high-skilled, high paying jobs needed to provide a consumer market for specialist and premium amenities such as restaurants and cultural pursuits. It challenges the idea that we can revive the high street through direct interventions such as business rates cuts, online sales taxes, or cultural initiatives because these fail to address the fundamental reasons these economies are struggling: a lack of consumer spending power. Instead, high street success is defined by those policies that create skills, jobs and quality office space for business.

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