I know that man ! nothing like what is going to happen- no rent holidays for many will force them to pull the plug, throw the keys through the letterbox and walk away.
There’ll be a lot that will have to swallow wage reductions too, to keep their jobs.
The high street hasnt managed to adapt so far.
Yep. I'm actually thinking the real reason they kept furlough till October is to try to stem the flow of people on to jobseekers. By adjusting the calculation some employers might be able to keep some people on while they try to save their business. Others will know the business is gone and won't want to contribute to furlough.
It has. It has changed a lot. We don’t rely on it like we used to but the high street was bourne out of necessity back in the day. Now it’s a social event. A lot of shops have changed beyond recognition. HMV for example. People still like to go out and try shoes on, clothes, glasses, have a rake round H&M and TK MAXX.
Leased cars must be a huge problem. Can you hand the keys back on these things?
I dare say that will be a factor aye. The hospitality industry is fucked. There will be restaurants that were struggling anyway that won’t be able to pay back the loans on offer and will decide have to close for good once their furlough ends. If and when it goes down to 60% people will be forced to decide if they can continue on it. If it goes to 60% just before Christmas loads of people will start to panic.
No idea, but I’d imagine it’s a big chunk of change every month for those struggling.
People have been saying this for years. It’s still there. Artisan and unique brands have adapted and done well for themselves. There’s still a place for a high street. If the likes of Hartlepools Main Shopping Centre fails then it’s because nobody wants it. It’ll be no loss in that case.
