The Death of the High Street - Season 12, Episode 87

14 June 2013

It’s high street doom and gloom time AGAIN! Putting another nail in its TX Maxx shaped coffin today is The Centre for Economics and Business Research, who say that consumer spending will grow ‘at a snail’s pace’ in the next six years. A snail’s pace, in case you'd prefer that in percentage form, is a predicted growth rate of just 1.8% until 2018.

boarded up shops

They predict that families will tighten their belts rather than splurging all their wages on Xboxes, H&M hotpants and One Direction merchandise. Arse-aching Government austerity and the financial crisis means there’ll be more joyless saving and making do in the years to come, as households struggle on for no good reason. That’s six years of darning socks and eating powdered egg while the rich drink foie gras cocktails from a hollowed-out unicorn horn.

CEBR's head of macroeconomics Charles Davis said: "Households have had to get used to living within their means as they have been buffeted by the financial crisis, weak economic growth, fiscal tightening and high inflation.We think consumer spending will rise only slowly and a sustained recovery will be unable to rely on consumption.’

Why don’t we just demolish the high street and give up on the idea of ever being able to afford anything nice again? Just replace it with a massive Job Centre and a cut-price offy?

Sod it. Let’s all just go crazy and put 2 thousand quid’s worth of John Lewis patio furniture on our credit cards and then declare ourselves bankrupt. It’d be more fun than this.

TOPICS:   High Street News   Economy

10 comments

  • klingelton
    The highstreet suffers as people stop spending money they don't have. Shock horror revelation. Once people have paid off their substantial debt (which will probably take a few years), the highstreet will recover. Also, the highstreet will need to start doing other things to tempt would be customers through their doors as competition for straight sales beats them on price. Independant record stores still exist and are still profitable in the face of competition from new media by offering a boutique style interface. The hightstreet isn't dead, but it is changing. Corporate retail giants need to stay afoot of these changes and move with the times. The problem is, turning these corporate giants around before their model becomes totally un-viable could be a serious problem.
  • Her L.
    Independent businesses want to exist on the High St but pig-shit thick councils and commercial landlords price them out, thinking that an empty unit is better than giving an independent retailer a six-months grace period on rent, which would have a knock-on effect of encouraging other businesses and ultimately consumers. Instead they chase the chain businesses such as TK-Maxx and Primark or encourage out of town retail parks.
  • jt
    Afoot? What's afoot? Surely you mean abreast or ahead?
  • shiftynifty
    Adapt...Adopt....diverse....three things you cannot get in the high street...and betting /pounds shops are not going to change it either
  • klingelton
    Reposted for JT's benefit. The highstreet suffers as people stop spending money they don’t have. Shock horror revelation. Once people have paid off their substantial debt (which will probably take a few years), the highstreet will recover. Also, the highstreet will need to start doing other things to tempt would be customers through their doors as competition for straight sales beats them on price. Independant record stores still exist and are still profitable in the face of competition from new media by offering a boutique style interface. The hightstreet isn’t dead, but it is changing. Corporate retail giants need to stay atit of these changes and move with the times. The problem is, turning these corporate giants around before their model becomes totally un-viable could be a serious problem.
  • wOnKeY h.
    Even the foxes are suffering...at my hands.
  • Mustapha S.
    Another shit article full of false information. There's no such thing as unicorns.
  • blighty
    who cares !!
  • Chewbie
    Flex wit da erb
  • Asshats
    Impressive that you can't even spell T K Maxx

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