Saturday, Feb 23, 2008
Whoopsie
Times: John Lewis shocks retailing with worst sales fall for year
John Lewis sent a shudder through the high street and sparked fresh fears over the health of the British economy yesterday by reporting its biggest sales decline for almost a year. John Lewis’s statement came as the AA reported that petrol prices had climbed to a record high, with unleaded petrol rising to 104.49p a litre. Motorists are now spending £500 million more a month to fill up their cars than a year ago and they face a further rise in petrol duty on April 1. George Buckley, the chief UK economist of Deutsche Bank, said: “I’m afraid that John Lewis’s figures are a sign of things to come. Debt repayments are going up, house prices are going down, taxes are at a 20-year high.
Posted by who stole my pension? @ 06:24 AM (722 views) Add Comment
4 Comments
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1. jack c said...
Hardly surprising under this Government - "Debt repayments are going up, house prices are going down, taxes are at a 20-year high" - looks like we are heading for a re-run of the 1970's under Dennis Healy
2. enuii said...
I must admit that things will get a lot worse as virtually everyone I talk to during the working day has started to feel distinctly worse off.
3. Yoss said...
The joy of living in a miricale enconomy!
The miricale being it lasted this long.
4. bystander said...
When is the next MPC meeting??????..........expect to see a lot more of this from VI's in the search for "non"-essential rate cuts. When Mervyn warned Britons to expect a lower standard of living he was ofcourse refering to huge inflation in the cost of living due to rate cuts to bolster up a fraudulent financial sector and miss-managed retail sector. "GOD BLESS THE UNITED STATES OF BRITAIN."