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Hundreds more UK shops close
Shops closing at record rate as half of stores plan to axe more workers.
By PETER RANSCOMBE
Published on Thursday 24 January 2013 00:00
BRITAIN’S shops are shutting at a record rate and the collapse of Blockbuster, HMV and Jessops will make the situation even worse in the coming months, according to data published today.
The number of stores in the UK fell by 3.6 per cent year-on-year between October and December, the biggest drop since the British Retail Consortium (BRC) began issuing its retail employment monitor in 2008.
In December alone, 573 shops shut their doors for the final time, with experts warning the figure could rise further.
Helen Dickinson, director-general at the BRC, said: “We’re by no means out of the woods yet – given the administrations of recent weeks, the next quarter’s figures are likely to make difficult reading.”
Christina Tolvas-Vincent, head of retail employment at law firm Bond Pearce, which helped compile the figures, agreed. She said: “After a lacklustre Christmas, the New Year has started badly for retailers; well publicised failures such as HMV, Jessops and Blockbuster have yet again placed the spotlight on the struggling high street.
“This will have an even greater impact on store numbers that are already falling at the fastest rate for over four years.”
The BRC survey revealed that the number of workers in the retail sector increased by 0.6 per cent year-on-year during the final quarter of 2012, although all of the growth came from part-time posts.
The overall cost of retail crime in the UK has soared by 15.6% in a year to £1.6bn as the sector is targeted by serious, organised criminals.
But the The British Retail Consortium's Retail Crime Survey 2012 pdf, reports that the proportion of shoplifting incidents reported to police has fallen to one in eight, suggesting that officially reported crime could be the tip of the iceberg.
Germany's second-biggest lender Commerzbank is planning to cut as many as 6,000 jobs, or more than 10% of its workforce.
The bank said it wants to cut between 4,000 and 6,000 full-time employees by 2016. Commerzbank currently employs 56,000 staff, of which 49,000 are full-time.
MORE than 1,200 people in Plymouth have stopped claiming Jobseeker's Allowance since last year's peak.
The average gross weekly wage in the city was £479.40 for full-time workers. There was a big difference between the sexes, with men on £529.40 and women on £430.10.
Hourly-paid workers earned £12.55 an hour (£13.60 for men and £11.64 for women).
Plymouth City Council Leader Tudor Evans said: "While it would give me great pleasure to say that these figures are a result of the new initiatives we have put in place since last May, since when we launched exciting initiatives such as our Plan for Jobs and the 1000 Club to help young people find work and support businesses, the impact of these won't have shown through yet.
"We have to be very cautious with these figures as not only are there seasonal variations, they only measure the number of people who are unemployed and claiming JSA, not the number of people who are unemployed. There's no question that the current economic course set by the Government is very damaging to the local economy.
A study of crime trends in England and Wales suggests the fall in offences recorded by police may have been exaggerated.
The Office for National Statistics said the "rate of reduction" in recorded crime "may overstate" the decrease.
It found police-recorded offences fell by 33%, compared with 17% by data.
The ONS also published crime figures for the 12 months to the end of September 2012, which showed continued falls in virtually every category.
The BBC's home affairs correspondent Danny Shaw said police recorded 7% fewer crimes than the year before, while the Crime Survey of England and Wales indicated there had been a "statistically significant" fall of 8%.
Originally posted by Extralien
This has just been tweeted from the local paper near me..
MORE than 1,200 people in Plymouth have stopped claiming Jobseeker's Allowance since last year's peak.
The average gross weekly wage in the city was £479.40 for full-time workers. There was a big difference between the sexes, with men on £529.40 and women on £430.10.
Hourly-paid workers earned £12.55 an hour (£13.60 for men and £11.64 for women).
Sorry... how much??
Most of the jobs I've seen barely go above the minimum wage.. which section of society are they comparing these numbers to?
Halve their estimate and your more or less along the right lines IMO
But one councilor does go on to say.. and makes two very good final points..
Plymouth City Council Leader Tudor Evans said: "While it would give me great pleasure to say that these figures are a result of the new initiatives we have put in place since last May, since when we launched exciting initiatives such as our Plan for Jobs and the 1000 Club to help young people find work and support businesses, the impact of these won't have shown through yet.
"We have to be very cautious with these figures as not only are there seasonal variations, they only measure the number of people who are unemployed and claiming JSA, not the number of people who are unemployed. There's no question that the current economic course set by the Government is very damaging to the local economy.
www.thisisplymouth.co.uk...
Can you say "stuffed"?
There are also conflicting reports about the rate of crime. From the snippit in the OP it estimates that large amounts of retail crime are going on unreported and/or not being dealt with in various ways, yet here it seems it's the fault of the police... Privatisation anyone?
A study of crime trends in England and Wales suggests the fall in offences recorded by police may have been exaggerated.
The Office for National Statistics said the "rate of reduction" in recorded crime "may overstate" the decrease.
It found police-recorded offences fell by 33%, compared with 17% by data.
The ONS also published crime figures for the 12 months to the end of September 2012, which showed continued falls in virtually every category.
The BBC's home affairs correspondent Danny Shaw said police recorded 7% fewer crimes than the year before, while the Crime Survey of England and Wales indicated there had been a "statistically significant" fall of 8%.
www.bbc.co.uk...
Spain's unemployment rate has hit a modern day record, with joblessness among young people topping 55%.
Official data showed that the jobless rate in the last three months of 2012 rose 1% to 26%, or 5.97 million people.
The figure, the highest since the mid-1970s, follows Spain's prolonged recession and deep spending cuts.
The IMF chief economist has told the BBC that Chancellor George Osborne should consider slowing down austerity measures in his March budget.
"We think this would be a good time to take stock," said Olivier Blanchard, speaking to Radio 4's Today programme.
He also said the global economy was "not out of the woods yet".
In October, Mr Blanchard claimed in an IMF report that austerity had hurt wealthy countries such as the UK far more than most analysts had expected.
His comments come the day after the IMF cut its 2013 forecast for UK economic growth to 1% from the 1.1% predicted in October, and will put pressure on the chancellor as he prepares to deliver a speech at the World Economic Forum in Davos later on Thursday.
Nick Clegg has said the UK risks "tying itself in knots" and neglecting more important issues by trying to renegotiate its EU membership.
The Lib Dem leader said it was "wholly implausible" to think the rules could be rewritten to "benefit us and disadvantage everybody else" .
He said the aims of David Cameron's proposed renegotiation were "vague" and uncertainty could hit growth and jobs.
Immigration inspectors have discovered more UK Border Agency (UKBA) backlogs, totalling more than 16,000 cases.
The chief inspector of immigration said the latest backlogs, relating to requests to settle through marriage, were "unacceptable".
The backlogs included people waiting a decade to hear if their partner had permission to live in the UK.
UK Prime Minister David Cameron has said that countries must work together to clamp down on tax avoidance.
"Individuals and businesses must pay their fair share," he told leaders at the World Economic Forum in Davos.
He said that "trade, tax and transparency" were the UK's economic priorities.
Councils spent £90m repairing 1.7 million potholes across England and Wales last year, a survey suggests.
But it will still take more than a decade to clear the backlog, says the Asphalt Industry Alliance (AIA) report.
Local authorities say that while repair costs have fallen, £10bn is still needed to bring roads up to standard.
David Cameron tells porkies about Britain’s national debt
The Prime Minister, marking Orwell week with a bit of fiscal doublespeak
And then David Cameron has to go and spoil it all by telling porkies about what his government is doing to our national debt. The party election broadcast the Conservatives have just released is so astonishingly dishonest that it really would have disgraced Gordon Brown. In it, the Prime Minister tells an outright – how to put it? – untruth. He says:-
“So though this government has had to make some difficult decisions, we are making progress. We’re paying down Britain’s debts.”
David Cameron’s policy is to increase Britain’s debt by 60 per cent, more than any European country. To increase it more over five years than Labour did over 13 years. Just yesterday, we learned the national debt had hit £1,111 billion and it’s heading to £1,400 billion.
By no stretch of the English language can this be described as “paying down Britain’s debts.” What Cameron said is not an exaggeration. It’s a straight falsehood, and one that demeans his office. He has previously used different language, saying that he is “dealing with the debt”.
blogs.spectator.co.uk...
Retail employment rose by 0.6% in the fourth quarter of 2012 compared with a year earlier, driven entirely by part-time workers. In fourth quarter 2012, the number of outlets fell 3.6%, the fastest rate since the Monitor started in October 2008. In December, there were 573 fewer stores in our sample compared with last year. Half of retailers suggested that they would decrease staffing levels in the first quarter of 2013 compared with just a third at the same time last year.
Footfall in December was 1.2% lower than a year ago, a poorer performance than the 0.4% rise the previous month.
The overall cost of retail crime has soared by 15.6 per cent in a year to £1.6 billion, but dramatically fewer incidents are being reported to police.
The £1.6 billion figure covers retail crime of all types and includes the value of goods stolen and damage done plus the money retailers spend on prevention
The number of jobless people around the world rose by 4 million in 2012 to 197 million and is expected to grow further, the UN labour agency warns.
In a report, the International Labour Organization (ILO) said the worst affected were youth: nearly 13% of the under 24s were unemployed.
It said global unemployment was projected to rise 5.1 million this year and by a further 3 million in 2014.
The trend reflected a downturn in economic growth, the document said.
This was particularly the case in developed countries.
Horse meat containing cancer causing drug 'may have entered food chain' says Labour
Which reminds me of a bit of 'lip-syncing' that whent on in the PM's question time..
Bottom left corner at 3 mins 5 secs...guy in the red tie lip syncs milliband..
www.bbc.co.uk...
We're in a theatre watching a cleverly written play..