IlluMyFi

Number hits record level but rate of growth slows as installers face delays to government funding

The UK installed a record number of public electric car chargers in 2024, although the rate of growth slowed as installers contended with delays to government funding.

Numbers rose by more than a third to reach 73,421 by 20 December, according to Zapmap, whose data the government uses. The increase of 19,600 was nearly equivalent to the total number of chargers at the end of 2020.

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27.12.24 07:37

by theguardian.com

More UK retailers in critical financial distress, as Boxing Day sales footfall d...

Rolling coverage of the latest economic and financial news

Boxing Day footfall down on UK high streets despite discounts

Begbies Traynor also reports that an additional 28,747 retail businesses in the UK are in ‘significant’ financial distress – less severe than ‘critical’, but still concerning.

Begbies Traynor partner Julie Palmer says:

“As we look ahead to 2025, the outlook is very mixed.

While some retail businesses are adapting to these pressures, many others remain vulnerable, especially in the face of rising wages, online competition from the likes of Temu and Shein, and fragile consumer confidence. With mounting challenges on the horizon, weaker businesses are likely to find little joy as we enter the New Year.”

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