Sunday Trading won't change, thanks to London 2012 failure
The London Olympics was supposed to be some kind of retail saviour, getting us all excited enough to buy things from shops. Instead, we all stayed in and watched telly for the whole of summer.
During London 2012, there was a relaxation of laws surrounding Sunday trading, but alas, it made virtually zero difference, which means the new rules that allowed traders to stay open for longer than the six hours between 10am and 4pm won't be changing any time soon.
Retailers themselves can't agree on whether a change in Sunday opening hours would be a good or bad thing. Sainsbury's and Tesco are against changes, while Philip Green, owner of Top Shop, thinks it would be good to extend opening hours around Christmas.
This debate comes on the back of data from the British Retail Consortium (BRC) which said: "The impact of the global financial crisis on UK retailers has been severe, long-lasting and continues to be felt."
And the Olympics didn't help because people were either watching the events or put off from shopping because of inevitable travel disruptions in the capital. A report also showed the worst figures in half a decade for online shopping too.
With petrol prices and energy bills still rising (and a high possibility of higher food prices), it doesn't look like confidence in the market is going to return quickly.
In short, we're doomed.