Tag: Recession

It’s Official: The UK Is In Recession (And It’s A Deep One)

GDP Falls Steeply By 1.5% With today’s figures indicating that the Gross Domestic Product fell by 1.5% over the last three months coupled with the previous quarter’s drop of 0.6% meant that the UK is finally officially in recession after two quarters of negative growth. Here is the breakdown Construction output – down by 1.1 […]

January 23, 2009 | 0 Comments More

Lousiest Christmas Ever On Most UK High Streets

The British Retail Consortium’s recent survey revealed Christmas 2008 as the worst Christmas ever with a fall of 3.3% in like for like sales and 1.4% in total sales compared to 2007. See the full report. However, there were a few notes of encouragement in some sectors: internet sales were 30% up on last year […]

January 13, 2009 | 0 Comments More

Old China Is Broke – Wedgewood Bites The Dust

Today saw Waterford Wedgwood call in the administrators, Deloitte. Wedgwood is a traditional name in fine bone china dating back to 1759. Waterford Crystal acquired Wedgwood in 1986 and then Royal Doulton in 2005. I own a number of Royal Doulton ladies. On my wedding I was given some beautiful Waterford Crystal glasses. I expect […]

January 6, 2009 | 0 Comments More