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ken_ichikawa

Haidanes Goes Bust

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http://www.bbc.co.uk/news/uk-england-nottinghamshire-13767873

The stores have had no fresh produce for three weeks and bailiffs were called in to the Kirkby store, on the instructions of Ashfield District Council, to recover £37,000 in unpaid business rates.

Haldanes was set up less than two years ago and was the first new supermarket chain in the UK for 27 years.

Nice to see the council have their priorities right then. Bloody extortion tax.

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Ah, could this be the second wave of shops going bust. I thought we're nearly over the worst when HMV got breathing room.

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The council would prefer to put one of their pretend Potemkin Village shops in, much less trouble.

This was an MBO (often a recipe for later collapse, see Zavvi etc.) of Coop stores they were forced to sell due to competition issues when they acquired Somerfield - these were never going to survive outside a larger group.

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Ah, could this be the second wave of shops going bust. I thought we're nearly over the worst when HMV got breathing room.

Apparently, HMRC are going after online businesses for tax evasion with one of their amnesty affairs.

I wonder if some ebay business can't pay tax they owe they'll get a loan approval, from a tax payer backed bank, fasttracked like HMV - no, didn't think so.

Soon we'll have Vince Cable railing about banks not lending to viable small businesses blah, blah, blah.

No Vince, the tax payer/govt backed banks need to stop lending to unviable big businesses.

The irony of squeezing some poor sod buying and selling a few DVDs on ebay for tax to then spend it on loans, that'll never be repaid, to HMV appears to be entirely lost on them.

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We have - or had - one near here. Heard a rumour last week they didn't have the money to pay staff for this month, then yesterday they announced the store would close today.

They probably wouldn't have lasted much longer anyway as a new supermarket is under construction nearby which should finish off a few other independent retailers here. :(

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  • 312 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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