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10% Of All Uk Furniture Manufacturers ...

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Transactions, tracnsactions, transactions. Without them them the housing market and the associated economy seems to be knackered.

How dumb will the BOE's attempt to prop prices look in a few month's time? In fact how dumb will their policy of encouraging a boom which effectively froze out a whole section of the economy look?

http://www.creditman.biz/uk/members/news-v...chksrc=NNow4251

Aug 8 2005

......

Klaussner is not the only company in this sector to have run into difficulties. Ten percent of companies within the furniture manufacturing sector are in liquidation.

Matthew Debbage, Head of Product and Marketing, ICC Credit said, ‘the decline in consumer spending is clearly having a negative effect on furniture sales. I don’t wish to be the harbinger of doom, but I expect to see further business failures in 2005.’

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Guest Bart of Darkness

Furniture is certainly one of the easiest expenses to cut back on. Make do with what you've got for another year (or two) rather than buy right now.

Unless your sofa, bed or cupboard is totally k******ed, you can leave it for now and spend your money elsewhere.

10% of companies actually being in the liquidation stage is not encouraging for the rest.

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Still, look on the bright side. Maybe those daft DFS - we're having a sale - adverts will come off the telly.

They are a good example of the general stupidity of the British public. Does anyone think they are genuine sales? Anyone?

Answer: presumably 'Yes' because I keep reading articles in the business press about how well they are doing.

The mind boggles.

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Since the furniture industry is based mostly on credit offers -

pay nothing for a year - perhaps it is a sign that, along with

credit card spending, the public is reigning in its hunger for

borrowed money.

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Since the furniture industry is based mostly on credit offers

Good point. This may well increase the decline of the industry because of poor crash flow! All those borrowers defaulting on their and the industry will not be able to meet its own debts. Debt! It all comes back to Debt!! :(

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Guest Bart of Darkness
Still, look on the bright side. Maybe those daft DFS - we're having a sale - adverts will come off the telly.

They're a bit like the old Allied Carpets "sales". ALWAYS on.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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