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Politics, politics, politics (so long and thanks for all the fish)

Glenda's Legs said:
No. You said “Iceland have announced they are in the red and that this is specifically due to the tax increases implemented by the government.”
Which is strange because the tax increases took effect after Iceland filed their accounts showing the loss.

Iceland have said that they may need to increase prices but equally have said they are planning to open 20 new stores in this financial year.
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Play pedanr all you like. Ive been drinking since 5pm. Iceland have announced they are in the red. They are going to have to take action which involves significant price hikes for context consumers. They have specifically attributed that to the policies of this current government. I might not have worded it perfectly but its what theyve said. And this government have been an economic disaster and a disaster in many other ways also.
 
Silly McSilly Face said:
Are you on the Labour Party pay roll? All retailers are struggling. People have no spare money so they're not shopping. They're not spending. I've personally never felt so tight. The bank i work for have made 4,000 people redundant in cost cutting measures. 500 in the office i work in. I've lost friends, colleagues. Deals are not happening now. Customers buisinesses are going insolvent. The economic outlook is absolutely bleak. Its not felt this bad since 2008. And just over a year ago there was a lot of positivity. It felt buoyant. They've absolutely killed it. Iceland were struggling before with inflation - they've sucked up wholesale costs without passing on. In their latest announcement they said this is no longer possible and significant consumer price increases are necessary due to government policy. Inflation is creeping upwards again after reducing under Sunak and Hunt. The government's policies have been inflationary when global pressures are also inflationary.
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And it was all going so well before they came into power.
 
Silly McSilly Face said:
Are you on the Labour Party pay roll? All retailers are struggling. People have no spare money so they're not shopping. They're not spending. I've personally never felt so tight. The bank i work for have made 4,000 people redundant in cost cutting measures. 500 in the office i work in. I've lost friends, colleagues. Deals are not happening now. Customers buisinesses are going insolvent. The economic outlook is absolutely bleak. Its not felt this bad since 2008. And just over a year ago there was a lot of positivity. It felt buoyant. They've absolutely killed it. Iceland were struggling before with inflation - they've sucked up wholesale costs without passing on. In their latest announcement they said this is no longer possible and significant consumer price increases are necessary due to government policy. Inflation is creeping upwards again after reducing under Sunak and Hunt. The government's policies have been inflationary when global pressures are also inflationary.
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Who do you work for?
 
Mikey10 said:
And it was all going so well before they came into power.
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It was ridiculous before without doubt. My mortgage doubled overnight under the Tories and the magical budget, my mate had to sell up and move further out from London because his literally fcuked him under Truss. I started my own business 3 years ago and the time under the Tories was the hardest I had to navigate because of escalated cost of living and mortgage, to the point that I had to make huge concessions on how I wanted to run my business year 1. I am not saying this mob are much better, but reports of hacienda under the Tories is utter bollax
 
Mikey10 said:
And it was all going so well before they came into power.
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It was actually. Sunak and Hunt were very good. Stabilised the economy, got market confidence back, growth forecasts were positive, confidence in the UK was high. By contrast, UK bond yields (what lenders charge the UK government to borrow from them) has now crept back up and are now actually higher than post the Truss mini budget. And just as Sunak predicted publically what would happen if Truss got in power, he did the same for Starmer and unfortunately, the predictions are once again cominv true...
 
Grays_1890 said:
It was ridiculous before without doubt. My mortgage doubled overnight under the Tories and the magical budget, my mate had to sell up and move further out from London because his literally fcuked him under Truss. I started my own business 3 years ago and the time under the Tories was the hardest I had to navigate because of escalated cost of living and mortgage, to the point that I had to make huge concessions on how I wanted to run my business year 1. I am not saying this mob are much better, but reports of hacienda under the Tories is utter bollax
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Yip. My mortgage went up £550 overnight thanks to Mad Liz. They also ran public services into the ground for 14 years and fast-tracked billions to their mates during the pandemic. I could go on, pretty much indefinitely.

Labour have certainly made errors, but I’d take them all day long over the last bunch.
 
Grays_1890 said:
It was ridiculous before without doubt. My mortgage doubled overnight under the Tories and the magical budget, my mate had to sell up and move further out from London because his literally fcuked him under Truss. I started my own business 3 years ago and the time under the Tories was the hardest I had to navigate because of escalated cost of living and mortgage, to the point that I had to make huge concessions on how I wanted to run my business year 1. I am not saying this mob are much better, but reports of hacienda under the Tories is utter bollax
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Yep. Two main parties are finished in the eyes of so many.
 
Silly McSilly Face said:
I said Iceland have attributed their necessary action to tax increases by the government. Which is what they, themselves, have stated.

As to River Island, all high street retailers are up against it. Huge increases in energy costs, supply chain costs, Covid accelerated reduced footfall due to working from home and increased rate of change to online shopping. But increasing ENI, minimum wage and councils maxing business rates on top of all that is going to be disastrous for many
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River Island have struggled for ages.
They are in that odd position where the price is too high to compete with H&M, and the quality is too low for mid range middle class shoppers. (They go to Crew Clothing etc)

Who is River Islands customer? They are a 90s & early 2000s brand that hasn't adapted. COVID changing how people socialise further reduced their client base.

There are plenty of better online options where you can order hundreds of pounds of items, try them on and return what you don't want for free, or a couple of quid.
Compare that to going to a store, with limited stock and a cost to get there - whether it's parking, public transport, petrol or just grabbing a drink. Those brands only work in places like Westfield these days.

Mountain Warehouse have done a good job - focusing on bigger sized stores and now expanding their brand offerings in collaboration with Animal.
 
monkeybarry said:
River Island have struggled for ages.
They are in that odd position where the price is too high to compete with H&M, and the quality is too low for mid range middle class shoppers. (They go to Crew Clothing etc)

Who is River Islands customer? They are a 90s & early 2000s brand that hasn't adapted. COVID changing how people socialise further reduced their client base.

There are plenty of better online options where you can order hundreds of pounds of items, try them on and return what you don't want for free, or a couple of quid.
Compare that to going to a store, with limited stock and a cost to get there - whether it's parking, public transport, petrol or just grabbing a drink. Those brands only work in places like Westfield these days.

Mountain Warehouse have done a good job - focusing on bigger sized stores and now expanding their brand offerings in collaboration with Animal.
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Yeh this, NI contributions might have been the nail in the coffin but the high street has had to adapt or die for a long time now. Many have them just have not done that and are dying.

I can't remember the last time I went our shopping, maybe Marks & Spencer when I bought a suit but as much to go for the foodhall
 
monkeybarry said:
River Island have struggled for ages.
They are in that odd position where the price is too high to compete with H&M, and the quality is too low for mid range middle class shoppers. (They go to Crew Clothing etc)

Who is River Islands customer? They are a 90s & early 2000s brand that hasn't adapted. COVID changing how people socialise further reduced their client base.

There are plenty of better online options where you can order hundreds of pounds of items, try them on and return what you don't want for free, or a couple of quid.
Compare that to going to a store, with limited stock and a cost to get there - whether it's parking, public transport, petrol or just grabbing a drink. Those brands only work in places like Westfield these days.

Mountain Warehouse have done a good job - focusing on bigger sized stores and now expanding their brand offerings in collaboration with Animal.
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I think you're right on RI. And many others. However that doesnt change the fact that the government have introduced the next ice age, the next mass extinction event. And those that were already vulnerable are dying first.
 
Grays_1890 said:
Yeh this, NI contributions might have been the nail in the coffin but the high street has had to adapt or die for a long time now. Many have them just have not done that and are dying.

I can't remember the last time I went our shopping, maybe Marks & Spencer when I bought a suit but as much to go for the foodhall
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Plenty of zombie companies on the high street. Flit around with endless re-financing or senseless private equity rescue buy-ins.
The direction of travel is obvious.
 
ricky2tricky4city said:
Plenty of zombie companies on the high street. Flit around with endless re-financing or senseless private equity rescue buy-ins.
The direction of travel is obvious.
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Plenty of zombie companies everywhere. 3 local pubs closed recently. One of them the building has been demolished already to make way for housing only for the council to refuse permission for the development (proposed 100 houses) as local road infrastructure and school places couldn't support it.
 
Labour have just announced that the minimum age of party officials is being raised from 16 to 18. Because of course, 16/17 year olds can't realistically be entrusted with any meaningful responsibility by the Labour Party right? Unless....they can help them cling onto power?
 
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