With a much greater fall in non-food retailers. On the up side it should mean good sales will be on in the next week. The VAT and excise returns for January will be interesting. Whereas you can still go out and buy that new TV in the next week or so you cannot make up for the lost few pints in the pub because the footpath to the local was a ice rink or take that hotel package break you intended to when you were off work etc.
BUSINESS WORLD - Big Freeze sees 38pc retail sales fall
IBEC was claiming yesterday that the freeze had little or no impact on the economy
IBEC is about as credible as those twats in Bloxham and Killian Forde.Originally Posted by charley
NO TO IMF/EU FEUDALISM
And they're right.
It would only have an effect if the people took the money they didn't spend and burned it.
In fact, in many border regions, I imagine the icey roads were a boon for the local economy.
A demagogue is someone who will preach doctrines he knows to be untrue to men he knows to be idiots.
IBEC really only represents the largest businesses in the state. Some of them will actually see improved business like the ESB.
Will surely be a massive drop off in VAT & excise taxes for January. While it might pick up in the coming weeks more floods in some areas will also affect.
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Presumably now that things are clearing up people will restock what they are missing in their homes.
It will usually be the essentials like food. Commodity or luxury retail businesses are in serious trouble as is the hospitality industry. My recent visit to the post Christmas sales in Waterford city confirmed my worst fears.
NO TO IMF/EU FEUDALISM
So much spending is discretionary - we rarely 'need' much of what we buy, often we weren't even aware it existed until we saw it in the shops and then 'had to have it'. I find that when I don't go shopping for a while, I'm happy with what I have and don't feel the need to buy anythng. Then, as soon as I do go shopping, even if it's ostensibly only for a few particular items, 9 times out of 10 I come back with far more than I bargained for.It would only have an effect if the people took the money they didn't spend and burned it.
So, if people have been staying at home because of the cold weather, then I would say retail sales will definitely suffer. Some of them may make up for the losses with a return to more clement weather, but many will not.
Next month they will also be faced with probably their biggest electric and heating bills in years. Not a good time for small businesses like hotels, bars etc.
Just 1 gramme of cocaine destroys 4m2 of tropical jungle. Give it up ya selfish b'stards.
I do not know about anybody else but my ESB bill (estimated) was dated 17th December although I did not receive it until I think the Monday of Christmas week, this is despite it being dated for the 2 month period to December 4th. That to me is recklessness on the part of the ESB. I paid it no bother but I can imagine that many families being presented with this bill in the week of Christmas would have left it rollover into the next bill in February with all the other pressures on funds during that week. Hence there are a lot of families with the cold spell etc that are facing nothing short of a humongous bill come Februrary. In delaying the Oct/Nov bill so late into December I think that this was just pure recklessness on the part of the ESB.
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