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eric pebble

Housing Downturn Comes Backto Haunt

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Mr Murphy is criticised for not being a retailer (his previous jobs include Carlton TV and logistics giant Exel) but what got him into trouble was his bold assurance a year ago that B&Q wouldn't be hit by a housing downturn, saying consumers would choose to "improve, if they do not move".

You couldn't really make this stuff up, yep the top dog at B&Q did actually say this last year, he surely dose ney understand retail or the economy.

Its a bit like saying a rise in unemployment is good for pubs because folks with have more drinking time.

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How many renters are going to move or improve? Hardly any. The lure of the cheap chinese trinket will wane too. There are stages in life when people naturally spend money on the next big thing the cycle has been broken.

Gordon's magical mobile renter generation, the one who he encouraged to be priced out of the market are going to plunge the knife straight into the heart of his consumer economy. Financial justice to put paid to his social meddling.

Edited by OnlyMe

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Yeah B & Q are b@stards anyway they have the builders buckets at the far end of the shop to the builders entrance so you cant be arsed walking all the way over so you get one of their chavy little orange buckets instead. They can go right out of buisness for all I care :D

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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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