Latest money news: Next warns of store closures after £30,000,000 legal loss --[Reported by Umva mag]

Last month’s equal pay ruling is seen as opening the gates to more against national retailers.

Sep 19, 2024 - 19:41

Latest money news: Next warns of store closures after £30,000,000 legal loss --[Reported by Umva mag]

epa11566844 A NEXT sign outside a retail store on Oxford Street in London, Britain, 27 August 2024. Thousands of former and current NEXT staff have won a legal battle entitling them to equal pay. Store staff have been fighting a legal claim for six years claiming they should receive equal pay with workers who work in warehouses. EPA/ANDY RAIN — Next cautioned that while it is confident of winning its appeal, if it did not, it could be forced to shut shops due to soaring costs (Picture: EPA)

High street giant Next is facing an uncertain future — it’s warned of possible store closures after losing a landmark £30 million legal case over equal pay.

The UK fashion retailer is planning to appeal the decision that saw more than 3,500 former and current workers at the group win their pay claim after a six-year legal battle.

Next cautioned that while it is confident of winning, if it did not, it could be forced to shut shops due to soaring costs.

In other financial news, Martin Lewis has urged people to make a simple switch to get £175 free cash just in time for Christmas. Just switch your bank account (more on this below).

Plus, one of the UK’s top energy firms is giving away free electric blankets to its most vulnerable customers this winter — scroll down for more details.

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