We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices

In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Anecdotal: Recession

mizzbiz · 2008-08-26 15:25:43

I've just found out that one of our industry friends (no names mentioned!!), who happen to be the industry leader and one of the first established in their field, are suffering hugely from the economic and confidence downturn. In addition, they have just let 20 staff go (there are around 60 staff so this is a huge…

Comments

mewbie_2 Posts: 6,058 Forumite

31 August 2008 at 9:01AM

Here's a quote from someone who really understands how recession works...

Paul Davey, Corporate Director of the Port of Felixstowe, finished by saying: "As recession sets in consumers tend to buy cheaper rather than stop buying at all.
"Cheaper is often bigger, for example a CD player rather than an iPod. People eat more now than they used to.
"So there is a need for bigger ships and more space to accommodate them."

http://www.bbc.co.uk/suffolk/content/articles/2008/07/23/port_felixstowe_wr_feature.shtml

0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

Debate House Prices

Anecdotal: Recession

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free