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Department store chain to shut last shop after 140 years as it’s wiped off high street due to Budget tax hikes
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Department store chain to shut last shop after 140 years as it’s wiped off high street due to Budget tax hikes

Department store chain to shut last shop after 140 years as it’s wiped off high street due to Budget tax hikes
Source: The Sun
Published: Feb, 12 2025 12:43

One of Britain’s oldest department stores is shutting its last remaining shop after more than 140 years, blaming Budget tax and wage increases. Beales, which first opened in Bournemouth in 1881, said trading at its branch in Poole’s Dolphin Centre will cease at the end of May. Retail industry bosses said the closure of the historic store “illustrates the devastating impact” of the rise in national insurance contributions and the higher minimum wage, which will come into force in April.

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