From canceled soccer matches to store closures, the UK economy is grinding to a halt as the country mourns the Queen — and may hasten a recession that previously looked avoidable
Clothing retailer French Connection closed all its stores on Friday, while luxury brands Burberry and Raf Simons have canceled their London fashion week shows that were set to take place next week, according to multiple reports.
The British Fashion Council said that London fashion week would still go ahead, but that the shows on the day of the Queen's funeral will be canceled. Further alterations could come in the mourning period until the funeral takes place on Monday September 19, which could seein business closures. That is highly likely given King Charles said on Saturday that the day of the funeral will be a national holiday.
These measures, however, could make life harder for a British economy that isn't exactly in a position to take days off. In August, the Bank of England predicted that the UK would enter a beginning at the end of this year. And while a few days of business closures may not tip the UK into a recession, it will not help.
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