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Royal Worcester & Spode enter administration - BBC ticker

BlondeHeadOn
BlondeHeadOn Posts: 2,277 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in Debate House Prices & the Economy
Just spotted on BBC ticker: as title. Founded in 1751, now in administration.

I don't know why, but I find this and the 1.5 cut in interest rates very unsettling - like the world has entered a new instability.

By the way, I never buy any fine porcelain so have no partilcuar intesrest in Spode etc., it's just shocking that such an established company should go to the wall.

:confused:
«13

Comments

  • Cannon_Fodder
    Cannon_Fodder Posts: 3,980 Forumite
    Best placed country to weather the storm, apparently...
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Damn, Now I won't get my wolf figurines!
    Thats christmas ruined.
    But sorry for the workers good luck.:(
  • withabix
    withabix Posts: 9,508 Forumite
    ....soon to be Made in China, rather than Made from China then :rolleyes:
    British Ex-pat in British Columbia!
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    BlondeHeadOn wrote: »
    Just spotted on BBC ticker: as title. Founded in 1751, now in administration.

    I don't know why, but I find this and the 1.5 cut in interest rates very unsettling - like the world has entered a new instability.

    By the way, I never buy any fine porcelain so have no partilcuar intesrest in Spode etc., it's just shocking that such an established company should go to the wall.

    :confused:

    I bet they closed it because of the rate drop and not the fact they have not been profitable for god know how many years.:rolleyes:

    When was the last time you purchased some?
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    withabix wrote: »
    ....soon to be Made in China, rather than Made from China then :rolleyes:

    I think it already was they just decorated it here.
  • carolt
    carolt Posts: 8,531 Forumite
    Oooh - must chase this up - think our wedding china was Royal Worcester and always meant to buy some more.

    Do you think it will be going cheap? ;)
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    BlondeHeadOn wrote: »
    Just spotted on BBC ticker: as title. Founded in 1751, now in administration.

    I don't know why, but I find this and the 1.5 cut in interest rates very unsettling - like the world has entered a new instability.

    By the way, I never buy any fine porcelain so have no partilcuar intesrest in Spode etc., it's just shocking that such an established company should go to the wall.

    :confused:

    Me too - 1.5% base rate cuts are serious "oh my God, we're out of control" territory.

    The MPC have access to a range of stats before they are made public - my guess is that what they're seeing is very, very grim indeed.

    If we don't now see a very quick turnaround in the HPC and sustained growth in the stock market then it's time to buy some brown trousers because as George W. said "This sucker could go down".

    (Remember: The panicked cuts in the States didn't turn around their markets. Their house prices continued to slump after they cut rates quickly and deeply and the DOW has undergone massive drops since then)
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    carolt wrote: »
    Oooh - must chase this up - think our wedding china was Royal Worcester and always meant to buy some more.

    Do you think it will be going cheap? ;)

    Heavens didn't realise you were married carol...Poor chap :rolleyes:
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    carolt wrote: »
    Oooh - must chase this up - think our wedding china was Royal Worcester and always meant to buy some more.

    Do you think it will be going cheap? ;)

    Carol how old are you!;) :)
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    !!!!!!? wrote: »
    Me too - 1.5% base rate cuts are serious "oh my God, we're out of control" territory.
    Yesterday they have got no room to manoeuvre today its out of control:rolleyes: .

    Wake up its a recession and this is what happens. Put it in to contex it is a 1.5% drop not the biggest ever is it.:rolleyes:
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