AndrewPap Posted September 18, 2005 Share Posted September 18, 2005 Allow for some upside on HPC, job creation http://news.bbc.co.uk/1/hi/business/4257504.stm Quote Link to comment Share on other sites More sharing options...
BandWagon Posted September 18, 2005 Share Posted September 18, 2005 Allow for some upside on HPC, job creationhttp://news.bbc.co.uk/1/hi/business/4257504.stm <{POST_SNAPBACK}> Oh there's plenty of upside. House prices are going to fall at least 30% in nominal terms over the next 5 years. That's excellent news for those wishing to get on the housing ladder and those wishing to buy bigger houses. We're also going to see the end of all those rubbish TV property programs, that's going to make me even happier than the HPC! Quote Link to comment Share on other sites More sharing options...
AndrewPap Posted September 18, 2005 Author Share Posted September 18, 2005 Oh there's plenty of upside. House prices are going to fall at least 30% in nominal terms over the next 5 years. That's excellent news for those wishing to get on the housing ladder and those wishing to buy bigger houses. We're also going to see the end of all those rubbish TV property programs, that's going to make me even happier than the HPC! <{POST_SNAPBACK}> Well if I can predict anything in next 5 years its not going to be dreams, but we are all entitled to them...did you predict the house price rise 5 years ago as well? Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 18, 2005 Share Posted September 18, 2005 Allow for some upside on HPC, job creationhttp://news.bbc.co.uk/1/hi/business/4257504.stm <{POST_SNAPBACK}> It's a bit of a zero-sum game, considering that Next and other retaIlers are describing the worst trading conditions since the early 90s! As pure interpretation on my part, it may be indicative of a move away from bling-bling era posh high street clothes shopping etc towards frankly cheaper poorer quality supermarket substitutes. I think tesco will prve to be a success beyond a weak economy and such gains in efficiency will ulitamately serve the broader economy well, but you have to admit that tesco's gain does appear to be less significant than the general malaise in the high street going off recent headlines. Quote Link to comment Share on other sites More sharing options...
woof Posted September 18, 2005 Share Posted September 18, 2005 Tesco will be naturally be aiming to take trade away from existing retailers. Net employement gain therefore would be considerably less in the longer term. There is a trend towards "Tesco Local" stores, or whatever they're called. Taking over an existing small shop and re-branding it. Tesco would claim to be creating jobs, but these are jobs that existed anyway, just not as Tesco staff. Quote Link to comment Share on other sites More sharing options...
BandWagon Posted September 18, 2005 Share Posted September 18, 2005 (edited) Well if I can predict anything in next 5 years its not going to be dreams, but we are all entitled to them...did you predict the house price rise 5 years ago as well?<{POST_SNAPBACK}> Yes. I also predict that it will be dark outside by 9pm. Funny enough, I also predict that it will be very cold in England by January. Are you from Edinburgh? Prices still rising/stagnant up there? Edited September 18, 2005 by BandWagon Quote Link to comment Share on other sites More sharing options...
Phaedrus Posted September 18, 2005 Share Posted September 18, 2005 (edited) Nothing to get excited about really. The majority of the 7500 will be minimum wage McJobs. Not exactly doing anything to improve our balance of trade deficit eiher is it. Edited September 18, 2005 by Phaedrus Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted September 18, 2005 Share Posted September 18, 2005 Tesco 'to create 7,500 new jobs' Well that`s another 7,500 lost souls unable to join the property ladder. Quote Link to comment Share on other sites More sharing options...
backtoparents Posted September 18, 2005 Share Posted September 18, 2005 Definitely 7,500 UK jobs? Tescos are all over the place in Europe too, aren't they? /G Quote Link to comment Share on other sites More sharing options...
Vivaldo Posted September 18, 2005 Share Posted September 18, 2005 7,500 more McJobs YAHOOOOOOOOOOOo GIMME GIMME GIMME Quote Link to comment Share on other sites More sharing options...
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