Regardless of wheather we like the owners of certain outlets or not, we should be looking at the effcts that the companies going to the wall are having on the UK.
the figures i quote below are not true figures but just a example
bla bla electrical goes bump, 4000 people lose their jobs & go on the Dole. Thats another 4000 people that the uk has to pay every week.
bla bla electrical was paying a annual tax bill of £20 million therefore that is another £20 million pounds uk is down.
this means that the uk is down in the region of £21.2 million in a year just from bla bla electrical going to the wall. NOW add together the loss of tax revenue plus the money that has to be paid to the unemployed people from all the other companies going to the wall.
Its not just a case of these companies closing down.....these closures are having a MASSIVE impact on the UK who is losingmuch more than most realise. 2009 is going to be critical, Only time will tell as to how we will recover from this downturn. One thing is sure....things are going to get one hell of a lot worse.
Richie.