Comments on: Recession stalks the HIgh Street http://johnredwoodsdiary.com/2008/10/19/recession-stalks-the-high-street/ Incisive and topical campaigns and commentary on today's issues and tomorrow's problems Thu, 09 Feb 2012 20:05:58 +0000 hourly 1 By: scrap metal merchant http://johnredwoodsdiary.com/2008/10/19/recession-stalks-the-high-street/#comment-7211 scrap metal merchant Sun, 11 Oct 2009 17:40:50 +0000 http://www.johnredwoodsdiary.com/?p=1836#comment-7211 agreed a MP in the real world excellent. agreed a MP in the real world excellent.

]]> By: bowie_uk http://johnredwoodsdiary.com/2008/10/19/recession-stalks-the-high-street/#comment-7210 bowie_uk Fri, 24 Oct 2008 08:08:34 +0000 http://www.johnredwoodsdiary.com/?p=1836#comment-7210 Wow! Could this mean an imminent end to the 'me, me, me, self, self,self' greed era? BRING IT ON!! Wow! Could this mean an imminent end to the 'me, me, me, self, self,self' greed era? BRING IT ON!!

]]> By: Derek http://johnredwoodsdiary.com/2008/10/19/recession-stalks-the-high-street/#comment-7209 Derek Tue, 21 Oct 2008 20:02:51 +0000 http://www.johnredwoodsdiary.com/?p=1836#comment-7209 I'm a director of a High St retail chain and can confirm that Mr Redwood most likely did purchase a bargain. There are certainly items on sale at the moment at genuinely below cost prices. This won't last as prices from the Far East are flying up and there'll be few genuine bargains in the January sale as stock forecasts have been adjusted accordingly. Most January sale stock will be brought in specially or will be half price unsold Christmas gift sets, both of which have plenty of margin in them. I won't add to the doom and gloom too much, but the brief bounce in sales from the bank rescue seems to have faded and credit card spending is the weakest I've ever known. We'll, most likely, have another big axe swing on staff in January and I suspect they know it. Extrapolate this realisation to the whole UK workforce (including Labour MPs) and it may be the reason we're in for a not very merry Christmas at all. I'm a director of a High St retail chain and can confirm that Mr Redwood most likely did purchase a bargain. There are certainly items on sale at the moment at genuinely below cost prices. This won't last as prices from the Far East are flying up and there'll be few genuine bargains in the January sale as stock forecasts have been adjusted accordingly. Most January sale stock will be brought in specially or will be half price unsold Christmas gift sets, both of which have plenty of margin in them.

I won't add to the doom and gloom too much, but the brief bounce in sales from the bank rescue seems to have faded and credit card spending is the weakest I've ever known. We'll, most likely, have another big axe swing on staff in January and I suspect they know it. Extrapolate this realisation to the whole UK workforce (including Labour MPs) and it may be the reason we're in for a not very merry Christmas at all.

]]> By: Chuck Unsworth http://johnredwoodsdiary.com/2008/10/19/recession-stalks-the-high-street/#comment-7208 Chuck Unsworth Mon, 20 Oct 2008 19:48:06 +0000 http://www.johnredwoodsdiary.com/?p=1836#comment-7208 Christmas is going to be interesting. January will be very cold indeed, sales-wise. I suspect that February onwards we're going to see a huge shake out in the shopping malls - if it doesn't happen before. Christmas is going to be interesting. January will be very cold indeed, sales-wise. I suspect that February onwards we're going to see a huge shake out in the shopping malls – if it doesn't happen before.

]]> By: Stuart Fairney http://johnredwoodsdiary.com/2008/10/19/recession-stalks-the-high-street/#comment-7207 Stuart Fairney Mon, 20 Oct 2008 07:38:06 +0000 http://www.johnredwoodsdiary.com/?p=1836#comment-7207 One wonders how Mr Brown's proposed increased tax on small business can possibly be sane in current circumstances? (BBC not covered them again! Pravda much?) Then again, if you spend it, you need to get it from somewhere and they are borrowed to the absolute hilt, so I guess this is the first in another line of tax hikes for all of us. Thus a difficult economy may become a prolonged Rooseveltian recession. Add to the mix Senator Obama's obvious "tax and spend" ideology and (if he is elected) it could be interesting times in the next few years. One wonders how Mr Brown's proposed increased tax on small business can possibly be sane in current circumstances? (BBC not covered them again! Pravda much?) Then again, if you spend it, you need to get it from somewhere and they are borrowed to the absolute hilt, so I guess this is the first in another line of tax hikes for all of us. Thus a difficult economy may become a prolonged Rooseveltian recession. Add to the mix Senator Obama's obvious "tax and spend" ideology and (if he is elected) it could be interesting times in the next few years.

]]> By: joe wilson http://johnredwoodsdiary.com/2008/10/19/recession-stalks-the-high-street/#comment-7206 joe wilson Sun, 19 Oct 2008 22:46:25 +0000 http://www.johnredwoodsdiary.com/?p=1836#comment-7206 For all the people in the country who are well off this should be a super christmas . January sales will have to be renamed sale of the century . Those with high finance mortgages , insecure employment , worthless shares , a creaking car to maintain , young children to clothe and feed may well feel we are back in the days of Charles Dickens . (Words left out) For all the people in the country who are well off this should be a super christmas . January sales will have to be renamed sale of the century . Those with high finance mortgages , insecure employment , worthless shares , a creaking car to maintain , young children to clothe and feed may well feel we are back in the days of Charles Dickens .
(Words left out)

]]> By: StevenL http://johnredwoodsdiary.com/2008/10/19/recession-stalks-the-high-street/#comment-7205 StevenL Sun, 19 Oct 2008 22:32:33 +0000 http://www.johnredwoodsdiary.com/?p=1836#comment-7205 "I bought some glasses because they were marked down by 60% from their usual price ..." (JR) You didn't fall for that old scam did you? I went to the shops on Saturday and bought nothing. I saw several DVD's I fancied and I need a new jacket. I saw two jackets I liked and a jumper. As usual I saw lots of shirts I wanted. However, I bought nothing. I'm terrible with money so I only use cash, I don't have a debit card, let alone any credit facilites. This way I can spend a couple of hours in House of Fraser without making myself skint, I simply walk in with no means to pay for anything. I'm pretty sure it's going to start getting colder, so I might have to buy myself a jacket this side of the January sales, the best ones all sell out before the discounting starts anyway. Tesco is the only place I have spent any money (besides bus fares, sandwiches for lunch and diesel) in this month. They've just had another £40 off me today for a weeks food shopping and 36 bottles of lager. I did see a jacket for £25 in Tesco, I thought about it for a moment but decided that I'm not that tightfisted. If I keep up the thrift I should end the month with at least £200 of my salary left, enough to buy one of those designer jackets in House of Fraser. Then it's back on the reduced lager (yes I fall for the half-price scams too) and cheap DVD's (I do wish they'd start putting something decent on the Tele) for another month while I save up to get my car serviced. What would we do without the internet? Reply: it was no scam - they are glasses they usually sell at the higher price, ones I have bought before at sale prices "I bought some glasses because they were marked down by 60% from their usual price …" (JR)

You didn't fall for that old scam did you? I went to the shops on Saturday and bought nothing. I saw several DVD's I fancied and I need a new jacket. I saw two jackets I liked and a jumper. As usual I saw lots of shirts I wanted.

However, I bought nothing. I'm terrible with money so I only use cash, I don't have a debit card, let alone any credit facilites. This way I can spend a couple of hours in House of Fraser without making myself skint, I simply walk in with no means to pay for anything.

I'm pretty sure it's going to start getting colder, so I might have to buy myself a jacket this side of the January sales, the best ones all sell out before the discounting starts anyway.

Tesco is the only place I have spent any money (besides bus fares, sandwiches for lunch and diesel) in this month. They've just had another £40 off me today for a weeks food shopping and 36 bottles of lager. I did see a jacket for £25 in Tesco, I thought about it for a moment but decided that I'm not that tightfisted.

If I keep up the thrift I should end the month with at least £200 of my salary left, enough to buy one of those designer jackets in House of Fraser. Then it's back on the reduced lager (yes I fall for the half-price scams too) and cheap DVD's (I do wish they'd start putting something decent on the Tele) for another month while I save up to get my car serviced.

What would we do without the internet?

Reply: it was no scam – they are glasses they usually sell at the higher price, ones I have bought before at sale prices

]]> By: Nick http://johnredwoodsdiary.com/2008/10/19/recession-stalks-the-high-street/#comment-7204 Nick Sun, 19 Oct 2008 22:25:42 +0000 http://www.johnredwoodsdiary.com/?p=1836#comment-7204 In reality, its is going to be people hoarding cash. The worst example I've come across recently is scrap metal. 250 a ton for steel down to 5 quid a ton. The problem is that the government can't reflate because it's run up so many debts. ie. We've had the Keynsian reflation over the labour governments time in power, and we've still got a recession. Why will another bout of borrow and spend cure the malaise? In reality, its is going to be people hoarding cash. The worst example I've come across recently is scrap metal. 250 a ton for steel down to 5 quid a ton.

The problem is that the government can't reflate because it's run up so many debts. ie. We've had the Keynsian reflation over the labour governments time in power, and we've still got a recession.

Why will another bout of borrow and spend cure the malaise?

]]> By: Bazman http://johnredwoodsdiary.com/2008/10/19/recession-stalks-the-high-street/#comment-7203 Bazman Sun, 19 Oct 2008 21:17:49 +0000 http://www.johnredwoodsdiary.com/?p=1836#comment-7203 They all live in the real world Mike. Count on it. Like Peter. They all live in the real world Mike. Count on it. Like Peter.

]]> By: Matthew Reynolds http://johnredwoodsdiary.com/2008/10/19/recession-stalks-the-high-street/#comment-7202 Matthew Reynolds Sun, 19 Oct 2008 20:41:05 +0000 http://www.johnredwoodsdiary.com/?p=1836#comment-7202 It just proves that things are getting pretty serious indeed and that 2% interest rates are needed to prevent a dire situation from getting any worse . John Redwood is right on all counts ! It just proves that things are getting pretty serious indeed and that 2% interest rates are needed to prevent a dire situation from getting any worse . John Redwood is right on all counts !

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