Now building trade suppliers are getting trashed. Who's next...

m00m00

Generali wrote: »

Sky have never really been tested by a big recession since they have become a mass market outlet. They were very small in the last recession and hadn't made big commitments to pay £billions to show sports etc.

Their advertising revenues are presumably being squeezed by the internet just like ITV's too. Could be one to watch.

and they are pumping their prices every more

iirc, it's about 60 quid a month now for the HD package with sports or movies, but as I have a no murdoch policy in my house, I can't say for certain.

m00m00

thriftybabe wrote: »

Having a giggle at this as my OH is a tradesman who has done very well;) No designer clothes - never been one to follow the pack. I like Next and Asda. Haircuts - a lovely girl comes to my house to do that so I make a nice moneysaving on this. Holidays - yes we have holidayed sometimes one or twice a year. No tanning salons for me and no wine albeit I like a nice bar of Dairy Milk. I have had the same mobile phone for 2 years now. I do have a 4 x 4 but it is a pickup!

As previously mentioned there are people around us who buy these things and are still doing so cause surely the government is going to get us out of this. Whilst my OH and I have no holidays booked (as thanks to MSE we were warned of all this happening in January of this year) the guys that work for us have their holidays booked. Do you think they will still be looking for their bonuses?:rotfl: :rotfl:

the fact that you are on this forum, and not the DFW shows that you have a better understanding of the current situation than most in your industry, and I hope you are better placed to do relatively well out of it compared to your peers. More 'thrifty' people are what this country needs at the moment, for more reasons than just financial. The consume for the sake of it culture, has to change.

lynzpower

lostinrates wrote: »

I think it would be interesting to look at who will not suffer, or suffer less, and I think the list will be shorter. Key public workers (though I think civil sevrice jobs will see further pruning if recession sets in for a bit), who else? Dh is ok ATM in his line of work too. are there any who actually benefit? I presume the extreme top end investors, though making losses are also excited by buing thing up at very low prices?

I read dominos were doing well, people staying in instead of going out ( not withstanding you can make your own pizza pretty easily from scratch for about 50p)
The company I work for is doing pretty well, expanding our contracts daily, Im certainly much busier than I was 2 months ago, we do security work for properties.

neverdespairgirl

lostinrates wrote: »

are there any who actually benefit? I presume the extreme top end investors, though making losses are also excited by buing thing up at very low prices?

Receivers. Insolvency peeps. Criminal lawyers.

neverdespairgirl

Look on the DFW board. It's amazing how many people are up to their eyeballs in debt, have CCJs landing on the doormat, and say Sky is "essential".

WTF?_2

neverdespairgirl wrote: »

Look on the DFW board. It's amazing how many people are up to their eyeballs in debt, have CCJs landing on the doormat, and say Sky is "essential".

That always got me. The cost of a full Sky sub is considerable (something like 700 quid a year for the top one) and it's basically just TV at the end of the day.

Yet many people now regard it as 'vital' :rolleyes: even when you can get Freeview/ Freesat and get tens of decent channels, plus loads of radio, for no ongoing fee.

Something like Sky is appalling VFM and the only thing that would justify it for me is if you lived in a marginal area for terrestrial reception and you wanted their broadband which, for Sky TV subscribers, is actually a good deal.

They have been ratcheting up the price year after year and poaching popular shows off of conventional free TV to force you to pay for their service so I've got my fingers crossed they feel the pinch. Although too many chavs will probably let their kids go hungry before they cut Sky sports :mad:

Pobby

Everyone I talk to in business is already finding it a lot tougher. I have had some great years but I am down nearly 70% in turnover. My wife has a safe, if not well apid job, and we have been stashing away the cash over the good years.

Spurred on by this site we did an expenditure health check with the help of an IFA. I am almost embarrased to admit that we have shed over £300 of monthly expenditure!!!! Inappropiate insurance policies,surrendered an unwanted endowment( that bought a lot of shillings in), change of suppliers for tv, mobile and so on. So right now we are running cash positive.

I am sure there are other cuts we can make. Although we go abroad each year on holiday, we are not booking this year as we are going to wait and see. I can certainly live without it!

RichardDJ

That statement amazes me, freeview is fine - Sky is a luxury, and a pretty boring repetitive one at that

m00m00

Pizza Hut did VERY well in the last recession as they launched a large expansion plan while land/property was cheap.

lostinrates

neverdespairgirl wrote: »

Receivers. Insolvency peeps. Criminal lawyers.

obviously!

Corporate lawyers are busy too.....and corporate litigation, atm. That will only contunue as people bicker over the crumbs left on collapse of businesses I expect.