Re: Companies going into administration
I have noticed that a lot of shops are displaying a lot less stock as they cannot afford to have cash tied up in unsold stock.
Shops seem to have fewer assistants and prices are being dropped dramatically to increase cashflow.
Shoppers are tending to spend less and when they do it tends to be in small amounts.
Workers are cutting down their expenditure just in case they are made redundant.
Similarly, a lot of people are ploughing any spare cash they have into paying off their mortgages while they can.
People with large debts on credit cards are doing what they can to pay them off to avoid the worse of the recession.
The government needs to keep people in employment.
As a country we need to be more self-reliant and independent, doing more to develop the infrastructure particularly in manufacturing, agriculture and fisheries.
We need to produce our own food & fuel & develop our own facilities e.g. in recycling rather than rely on foreign countries.
It will be interesting to see how things develop and if the politicians and entrepreneurs are up to the task.
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