Retailers face ‘tsunami of closures’ over unpaid rents – Telegraph.co.uk
High streets are threatened with a tsunami of shop closures as landlords are freed to claim billions of pounds in unpaid rent through the courts, retailers have warned.
Commercial landlords have been barred from legal action to claim rent or evict tenants under a moratorium agreed at the start of the pandemic as shops were closed.
But the British Retail Consortium warns that two thirds of firms are braced for legal demands from landlords to collect some £2.9bn in rent arrears when the ban comes…
