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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9404
Location: Coventry
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It is, Lex. My heart goes out to the employees.
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Of course it'll fit, you just need a bigger hammer.
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| Tue Dec 01, 2020 7:54 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13949
Location: Stratford
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Another 12,000 in the dole queue; it's going to be a long haul to get the economy back to where it was 12 months ago.
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| Wed Dec 02, 2020 6:12 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9404
Location: Coventry
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I think we're only seeing the tip of a very big iceberg, Lex. There will be a lot more pain after Christmas.
Whilst many are conveniently blaming covid on this, the accountancy profession must take some blame. It was accountants that pushed many companies into selling and then leasing back properties in order for short term gains on the balance sheet. Many of us saw potential issues with this at the time.
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Of course it'll fit, you just need a bigger hammer.
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| Wed Dec 02, 2020 6:46 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13949
Location: Stratford
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It's already happening in Stratford. I've spotted 2-3 shops that look like they've closed down for good, and another with 'Closing Down' signs in the window.
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| Thu Dec 03, 2020 6:20 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm
Posts: 9404
Location: Coventry
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As rents fall due they'll fall like nine-pins.
What is going to be interesting is how the government try to prop up the property market.
_________________
Of course it'll fit, you just need a bigger hammer.
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| Thu Dec 03, 2020 6:30 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am
Posts: 13949
Location: Stratford
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| Wed Dec 23, 2020 3:02 pm |
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