TheCountOfNowhere Posted November 14, 2013 Share Posted November 14, 2013 http://www.bbc.co.uk/news/business-24938048 "UK retail sales fall 0.7% in October UK retail sales volumes fell 0.7% in October, with mild weather affecting sales of winter clothing, the Office for National Statistics (ONS) has said." Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted November 14, 2013 Share Posted November 14, 2013 http://www.bbc.co.uk/news/business-24938048 "UK retail sales fall 0.7% in October UK retail sales volumes fell 0.7% in October, with mild weather affecting sales of winter clothing, the Office for National Statistics (ONS) has said." Apparently there is going to be huge freeze next week - the Express and Mail said so - so sales will soar Quote Link to comment Share on other sites More sharing options...
slacker Posted November 14, 2013 Share Posted November 14, 2013 Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted November 14, 2013 Share Posted November 14, 2013 Yep, the unprecedented, unpredictable weather. Mild weather. Oh you. Quote Link to comment Share on other sites More sharing options...
billybong Posted November 14, 2013 Share Posted November 14, 2013 (edited) "UK retail sales fall 0.7% in October UK retail sales volumes fell 0.7% in October, with mild weather affecting sales of winter clothing, the Office for National Statistics (ONS) has said." Extraordinary As economists were saying on another thread people are just so unpredictable even using their "models". For sure most people would have thought that the express headline would have had people rushing out and about in October to buy winter woolies and anti freeze etc to boost the sales stats. Looking for "bargains". http:// www.express.co.uk/news/uk/436170/Worst-winter-for-decades-Record-breaking-snow-predicted-for-November But no - it seems that the "early warning" headline has just been ignored. There's still time of course but so far, for November, the weather's been quite good. Edited November 14, 2013 by billybong Quote Link to comment Share on other sites More sharing options...
slacker Posted November 14, 2013 Share Posted November 14, 2013 Hot weather sends retail sales down Firms count damage done by March cold weather Quote Link to comment Share on other sites More sharing options...
shindigger Posted November 14, 2013 Share Posted November 14, 2013 Hot weather sends retail sales down Firms count damage done by March cold weather I don't even need to click on the links. Superb. Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted November 14, 2013 Share Posted November 14, 2013 I don't even need to click on the links. Superb. Still those recent strong winds to blame as well. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 14, 2013 Author Share Posted November 14, 2013 (edited) Extraordinary As economists were saying on another thread people are just so unpredictable even using their "models". For sure most people would have thought that the express headline would have had people rushing out and about in October to buy winter woolies and anti freeze etc to boost the sales stats. Looking for "bargains". http:// www.express.co.uk/news/uk/436170/Worst-winter-for-decades-Record-breaking-snow-predicted-for-November But no - it seems that the "early warning" headline has just been ignored. There's still time of course but so far, for November, the weather's been quite good. Christmas would be much much cheaper if you celebrate it 2 days later. I will be buying everyone I know one of these vouchers this year...hopefully they can spend it before the issuer goes belly up it becomes worthless: EDIT: Mods are we allowed to display pictures of BoE notes ? if not please delete. Edited November 14, 2013 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted November 14, 2013 Share Posted November 14, 2013 http://www.bbc.co.uk/news/business-24938048 "UK retail sales fall 0.7% in October UK retail sales volumes fell 0.7% in October, with mild weather affecting sales of winter clothing, the Office for National Statistics (ONS) has said." What do you think? They haven't printed enough money and the base rate is too high at 0.5%? More stimulus? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted November 14, 2013 Share Posted November 14, 2013 What do you think? They haven't printed enough money and the base rate is too high at 0.5%? More stimulus? I think so. I think they will reduce the base rate in line with the ECB of last week. I think that the ECB will print soon and that will be an excuse for Carney/Osborne to do similar. They will come up with some excuse for doing so - the recovery was faltering, etc. I suspect the Pound will go lower and more foreigners will buy houses in the UK. I am not sure how best to try and benefit from it though? Share? PMs? Quote Link to comment Share on other sites More sharing options...
slacker Posted November 14, 2013 Share Posted November 14, 2013 They haven't printed enough money and the base rate is too high at 0.5%? More stimulus? There isn't enough residual income around. Printing doesn't fix that. We can't cut back any more - we rent, never eat out, cars are 10 years and 5 years old. Sky is now min subscription. Not even put heating back on yet. Probably still some slack in food bill, but ... Also with HTB a lot of people may be getting a sniff that they might have a chance of buying again - so may have started scraping together a deposit. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted November 14, 2013 Share Posted November 14, 2013 No surprise really. I have seen big discounts on knit wear at rretailers. I am hoping they have to firesale coats and wool items this side of Christmas. Quote Link to comment Share on other sites More sharing options...
ingermany Posted November 14, 2013 Share Posted November 14, 2013 There isn't enough residual income around. Printing doesn't fix that. We can't cut back any more - we rent, never eat out, cars are 10 years and 5 years old. Sky is now min subscription. Not even put heating back on yet. Probably still some slack in food bill, but ... Also with HTB a lot of people may be getting a sniff that they might have a chance of buying again - so may have started scraping together a deposit. They will try to allow banks to convert increased house values into residual income to drive consumer spending. Back to 2007 style stupid lending secured nominally on crackpot home valuations. It worked last time. There is no plan B. Quote Link to comment Share on other sites More sharing options...
BlokeInDurham Posted November 14, 2013 Share Posted November 14, 2013 There is no plan B. War! Huh! What is it good for? "Ooh look over there, a pigeon!" Quote Link to comment Share on other sites More sharing options...
JPJPJP Posted November 14, 2013 Share Posted November 14, 2013 Printy printy, easy, easy The benefit of having its own currency and central bank is that the UK can respond quickly and easily to QE and interest rate cuts in the US and Eurozone The disadvantage of doing so once, is that it has to be done again: every time either the US or the EZ does... Quote Link to comment Share on other sites More sharing options...
Quicken Posted November 14, 2013 Share Posted November 14, 2013 Xmas sale brinkmanship? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 14, 2013 Author Share Posted November 14, 2013 What do you think? They haven't printed enough money and the base rate is too high at 0.5%? More stimulus? Naaaa, the Queen told them to stop, so they have reverted to talking up the economy. This will only be a blip on a smooth upward ( in a downwardly fashion ) path. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted November 14, 2013 Share Posted November 14, 2013 Still those recent strong winds to blame as well. Don't forget the ' wind ruined hair-do' broken window fallacy Quote Link to comment Share on other sites More sharing options...
winkie Posted November 14, 2013 Share Posted November 14, 2013 When it is not cold enough we do not buy our winter coat or boots....when it is not hot enough we do not buy our costume and t-shirts.......no we wear what we have in the cupboard and either put the heating on or air conditioning on. Quote Link to comment Share on other sites More sharing options...
Even Keel Posted November 14, 2013 Share Posted November 14, 2013 Extraordinary As economists were saying on another thread people are just so unpredictable even using their "models". For sure most people would have thought that the express headline would have had people rushing out and about in October to buy winter woolies and anti freeze etc to boost the sales stats. Looking for "bargains". http:// www.express.co.uk/news/uk/436170/Worst-winter-for-decades-Record-breaking-snow-predicted-for-November But no - it seems that the "early warning" headline has just been ignored. There's still time of course but so far, for November, the weather's been quite good. Weather headlines are a bit like house price headlines in the Express: http://www.bbc.co.uk/blogs/paulhudson/posts/whats-behind-the-coldest-winte To quote the article: "Weather sells newspapers they said; admitting that each and every time they had a front page story on extreme weather, their circulation went up by around 10%." Quote Link to comment Share on other sites More sharing options...
Dorkins Posted November 14, 2013 Share Posted November 14, 2013 Mild weather which requires less clothing is good for humans but bad for GDP. Quote Link to comment Share on other sites More sharing options...
GloomMonger Posted November 14, 2013 Share Posted November 14, 2013 When it is not cold enough we do not buy our winter coat or boots....when it is not hot enough we do not buy our costume and t-shirts.......no we wear what we have in the cupboard and either put the heating on or air conditioning on. You don't rush down the shops every autumn and spring to renew your wardrobe??!!! You are a drain on our economy! Report to Dignitas immediately! Quote Link to comment Share on other sites More sharing options...
zugzwang Posted November 14, 2013 Share Posted November 14, 2013 I think so. I think they will reduce the base rate in line with the ECB of last week. I think that the ECB will print soon and that will be an excuse for Carney/Osborne to do similar. They will come up with some excuse for doing so - the recovery was faltering, etc. I suspect the Pound will go lower and more foreigners will buy houses in the UK. I am not sure how best to try and benefit from it though? Share? PMs? AEP's done another flip flop this morning! ECB ready to print, Germany ready to scream Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted November 14, 2013 Share Posted November 14, 2013 Xmas sale brinkmanship? Swansea Debenhams is heaving with peopme today. Long queues at checkouts. Was a tad surprised as it is only 25% off day as opposed to 50 or higher percent off. Quote Link to comment Share on other sites More sharing options...
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