Emailed in by Lola, a video on how Amazon is buying up vacant shopping centres, the ones that went out of business partly because of online shopping ( or 'glorified mail order' as I call it, to put it in context), and using them as warehouses/distribution centres, and presumably collection centres for people in a hurry.
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Also emailed in by Lola, from The Telegraph:
The perilous state of Sir Philip Green’s retail empire has been laid bare in a 312-page tome sent to landlords as the former “king of the high street” pleads with them to help save Arcadia from going bust.
The document reveals that Arcadia’s earnings have crashed from £215m to just £30m in the last five years – a fraction of the £100m of extra costs, including pension contributions and debt interest, it is on the hook for...
Landlords' response: “We are not minded to support Philip Green because he took a perfectly good business and extracted money rather than investing.”
Pots, kettles.
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From the BBC, this morning:
Meanwhile another leadership hopeful, Home Secretary Sajid Javid, has vowed to recruit 20,000 new police officers.
Writing in the Sun, Mr Javid says: "More police on the beat means less crime on our streets. Not exactly rocket science is it?"
BBC Reality Check says, under the Conservative and coalition governments, the number of police offices has fallen by somewhere between 19,000 and 22,000.
I'm not sure why the BBC even bothered to link to the source of the figures for the reduction, this is more or less common knowledge.
Wednesday, 29 May 2019
Oh the irony...
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2 comments:
What extra value have the landlords created in consideration of their upward only rent reviews? How about they just revert rents back to 10 or 20 years ago, when the buildings were probably in better shape even!
M, none, and good idea :-)
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