www.constructaquote.com/79/section.aspx/...-alcohol-consumption
Not only are people not going out - the High Streets are empty compared with usual. Football attendances are down in all divisions - some spectacularly so. Gigs are empty - venues are closing ( the whole Barfly chain except Camden has disappeared in the last 12 months )
Having an office based on an affluent High St I have seen food and coffee establishments do very well this summer with the good weather - but since September started it has become like a Sunday every day of the week. How businesses are keeping going is beyond me.
With VAT and the cuts yet to come - the future looks very bleak for most people.
Only Central London seems to be doing OK - so the media seems to be ignoring the crisis. Tourism is propping up the feel good factor.
But even Luxury homes saw the FIRST FALL in mortgages last month in 18 months.......so even that has now turned downwards.
Rocky ride ahead.