The Leader regularly has articles on how Buckley is turning into a ghost town and that pubs are closing. The credit crunch along with other factors have made people alter their lifestles drastically. We have had to alter ours and we have few overheads. In The Post there is an article on a pub landlord who has seen a 35% drop in turnover since last summer. These sort of figures are not sustainable and are being felt by a variety of business from top to bottom. I went in a BQ Super store last week. It was immediately apparent they were not doing very well. Stock levels of items was very minimal the racks looked three quarters empty.
There is no answer to the small shops closing unless there are radical solutions. What are required are very low business rates and low rentals without having to sign up for terms like 5 years.
This will not happen. The Private Sector which pays for the Public Sector is making large sacrifices. The Public Sector is going to have to change there is little money left.
The blogs I read say we are in for a double dip recession.
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