Well some (if very few) are doing rather well out of this recession....my previous employer is a medium sized chain of pet sotres across the south of the UK.....they're doing better than ever and since the recession started have been opening at least one new store a month. The company has no real loans or HP to speak of continues to do very well. My point being, people are still spending on the highstreet but rather than a new sofa they're buying Fido a new bed!
The flip side to that is my family being in the metal industry.....my dad is currently seeing at least one business in the trade go tits up every week or so at the moment. And these arent one man bands, these companies are all legit and long standing firms in the employing at least 50 people upwards each. Companies that spent £100k a month with my dad this time last year are now spending £1k a month if that.
. Manufacturing has gone well and truly down the toilet and its something that doesnt get that widely reported on by the media. All we seem to hear about is high street and finance sector businesses. The grim truth being that first in a very long line of dominoes in the manufacturing sector has been well and truly flicked....they're dropping like flies and I think this will lead to another sudden spike in unemployment very soon.
2W2R
