Sunday 26 December 2010

Don't Save It, Spend It

Some economists are predicting that there are only nine days left for all of us to sort out the economy. I say all of us, because we need to buy, buy and buy like there is no tomorrow, to save a number of shops from going bust, which if we fail could in turn cause the collapse of a number of manufacturers of goods possibly as high a one thousand businesses, that provide items in the after Christmas Sales.
The British Retail Consortium said that retailers will need to see a growth of 5% to survive and already they are 5% down because of the weather and purchasers being a little cautious as they don't know what the future holds for them.
In addition there is the VAT increase due to kick in on 4th January, which is going to drag down the economy and possibly lead us to another recession, unlike any of us have seen in our lifetime.

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