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One in five shops could close by 2018
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Posts: 4,552 Forumite
http://www.bbc.co.uk/news/business-22686180
So how much commercial property is likely to end up in Treasury-owned bad banks?
And when does Cameron wake up and realise that his government hasn't got an economic policy?
So how much commercial property is likely to end up in Treasury-owned bad banks?
And when does Cameron wake up and realise that his government hasn't got an economic policy?
"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
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So how much commercial property is likely to end up in Treasury-owned bad banks?
And when does Cameron wake up and realise that his government hasn't got an economic policy?
In answer to your first point much already is. If the Co-op ends up in trouble then even more.
What's Labours standard response to everything, got to do with a changing retail environment.0 -
Well, maybe if peoples income wasn't so tied up in paying ever increasing rent / mortgages people could afford to spend abit more on the high street. When you are sqeezed for money you are going to seek the best deal and after you figured out you don't need some of them, they lose sales that they could have made.
But I guess the shops have to up their prices to cover their ever increasing rent. At least the landlords are doing well, good for the country I guess.0 -
I tend not to use local shops because parking is too expensive. I'll use one if I REALLY need something from one and it's a dry day and I don't have to walk more than a mile to park for free and get to it .... otherwise I'll go wherever parking is free (e.g. supermarkets and retail parks).0
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When I heard about this on the radio it didn't sound like it had anything to do with the state of the economy, just a rise in internet shoppers.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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When I heard about this on the radio it didn't sound like it had anything to do with the state of the economy, just a rise in internet shoppers.
This is why I decided not to invest in commercial property a few years ago, it just worried me that the internet could have a significant effect on the long term viability of commercial property (as a whole, obviously some sectors will be affected more than others).Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
When I heard about this on the radio it didn't sound like it had anything to do with the state of the economy, just a rise in internet shoppers.
I went to a independent clothes shop that was closing a week or two ago, I asked why they were closing the guy said the rent is too expensive and they keep on raising the rent and costs are going up.
Also if somebody is left with 10% of their monthly wages after paying their rent, bills, food & petrol they aint exactly going to be splashing the cash about. They will cut back on waste where they can, often those previous impulse buys they used to spend money on will be the first things to go out the window.0 -
Of course it can't be true about the rents going up."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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Shops would be able to compete for the money, if there was any money to compete for.When I heard about this on the radio it didn't sound like it had anything to do with the state of the economy, just a rise in internet shoppers.
Internet shopping is still crap in so many ways."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Internet shopping is still crap in so many ways.
Why's that?
The only real shopping I do now is clothes and food. Clothes cos I have to try stuff on and food because online food shopping takes about twice as long as going there, plus I can't ride arond on the back of the trolley.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Some recent experiences:Why's that?
- parcel left outside and ruined by rain
- 3 orders where wrong items sent
- 2 items incorrectly described on website
- item arrived smashed owing to totally inadequate packaging
- 2 items didn't work and had to be returned
- 3 orders not fully packed, though fully charged. In two cases, never did get the difference refunded
- order from online chemists, took 12 days to get it all delivered, paid £12 for Saturday delivery that never happened, still waiting for refund on that
- etc etc"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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