As we move into the second month of a year which is already bringing further dire economic warnings, voices are being raised for a new approach to saving our imperiled ‘high streets’.
News this week that the retailers, Peacocks and Past Times are both under threat of closure after being placed into administration will come as no surprise to the small businesses also struggling to survive in these, the toughest economic conditions most of us can remember. 2012 has come in with all the vengeance which ended 2011 and noone can feel quite safe from the continuing economic ravages
ONE of South Belfast’s grandest buildings is causing concern for the council after it was revealed income from the property is significantly down.
What a world, eh? People being laid off, shops shutting up shop, the air thick with the crunch of bankruptcy. Even the Christmas trees are looking smaller and sadder this year. But if it’s bad here in the north it’s worse in the south. When a government has to break the budget bad news into bite-size chunks and feed it to the public in instalments, you know things are bad, bad, bad.
The famed ‘cafe culture’ of South Belfast is under threat from the recession with more and more coffee shops closing their doors.
Hardly a week passes without two themes asserting themslves in the pages of this newspaper: the tough times being experienced by ordinary families in the teeth of this gruelling recession and, conversely, appalling waste of taxpayers monies by public bodies.