… closely followed by Cheltenham & Gloucester - 1,660 jobs to go there

Another sector, another business shutdown. Today’s news that the Cheltenham & Gloucester Building Society is to close its branch network with the loss of 1,660 jobs is terrible news for the economy. More high street premises will now stand empty and more people will join the list of unemployed. Following so close on the heels of LDV yesterday, this is a salutary reminder that the economy continues to take a battering. Green shoots? More like a hard frost.