Monday, Jan 21, 2008
It's a good day to bury bad news!!
Office National Statistics: Slowdown in retail sales growth
What with Northern Crock and the stock market we might have missed this confirmation that the high street is in trouble. Sales by predominantly food stores rose by 2.4 per cent over the year, compared with no growth for predominantly non-food stores and 10.0 per cent growth for non-store retailing and repair. Sales by household goods stores fell by 2.1 per cent, the largest fall for this sector since March 2006 (-4.2 per cent). It will only get worse and the job losses will increase.
Posted by who stole my pension? @ 05:14 PM (314 views) Add Comment
4 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. hpwatcher said...
We are definitely heading for recession......what we need now is for Brown to reduce interest rates, and then we will be completely screwed.
2. enuii said...
Everyone has to eat, so if the population of the UK is rocketing up one would expect food sales to go up, as the increase is mainly immigrants sending or taking their money home one would also expect non-food retail sales to stay the same.
3. Jonb said...
And what they don't mention is that food is at least 12% more expensive that it was a year ago, so that is actually a 10% drop in real terms.
4. wiltshire said...
Don't worry, I don't think there is likely to be a huge increase in the numbers of unemployed.
Mind you, there's likely to be a MASSIVE increase in the numbers on 'incapacity benefit'!!!!