Economic Collapse

Increasing Global Economic Collapse, ‘Distress of Nations’; Extent of Britain’s high street decline laid bare in official data. Covid crisis has continued trend of retail job losses across most regions

Increasing Global Economic Collapse, ‘Distress of Nations’;  Extent of Britain’s high street decline laid bare in official data. Covid crisis has continued trend of retail job losses across most regions

The Guardian, August 10, 2020

The problems facing high streets up and down Britain are laid bare by analysis of official data showing the struggles that retailers were already facing before the Covid pandemic hit.

In the three years to 2018, retail employment had declined across all regions, except in the north-west of England, according to the report for the Office for National Statistics.

Across Great Britain, 29% of high street addresses were retailers in March, a figure that was slightly lower than in 2018. Meanwhile, one in 10 high street addresses were offices, raising questions about the impact on trade in nearby shops while people continue to work from home.

The state of the high street has caused concern for at least a decade, with the government commissioning several reviews of how to make it more sustainable.

The pandemic has accelerated trends that were already causing problems for areas dependent on retail and hospitality for jobs, and led to discussions about turning shops into homes. The analysis of ONS data showed that in 2018 there were 4,397,240 people employed in businesses on British high streets, equivalent to 14% of all employment. This was made up of workers in retail, offices, food services and other industries, all of which have been affected by the crisis.

In the three years to 2018, retail employment fell in more than three-quarters of local authority areas, and since then it has continued to fall. Waves of shop closures in 2019 have been followed by a string of collapses during and since lockdown, with the result of thousands of job losses.

Across Britain, 11% of high street addresses were offices in March, the report showed, although the figure varied around the country. The highest proportion of offices was in Merthyr Tydfil, where 38% of addresses were registered as offices, although this was out of just 365 addresses.

In Westminster, 31% of high street addresses were offices, while in Blackpool the figure was 28%. With research suggesting that just a third of UK white-collar workers have returned to the office, high street retailers reliant on office workers for footfall could be struggling.

Mark Robinson, chair of the High Streets Task Force, said high numbers of office workers were important for retailers. “The most successful places for retail have the most people working there as well – so having lots of people coming into work for councils, offices, and other employers is good for high streets,” he said. “We need to encourage more people to work in our town centres.”

In several large towns and cities, students make up more than a quarter of those residents, which means if they do not return to university in the autumn, high streets could see lower footfall.

Matthew Williams, a director at PwC who works with the taskforce, said the report provided “some clues that Covid is a catalyst for change that was already happening”.

Last week PwC published a study of how four areas had coped since lockdown loosened, which showed that while Windsor and Cleethorpes had seen footfall bounce back, recovery was slower in Manchester and Ashford in Kent.

“Not all the changes will be the same. What we’ve started to see is a divergence of what is happening in different towns and on different high streets,” Williams said.

In His Service,

Night Watchman

Paul Rolland

Night Watchman Ministries

Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!

Jesus Christ’s Offer of Salvation:

The ABCs of Salvation through Jesus Christ (the Lamb)

A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.

. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).

. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).

B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.

. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).

C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.

. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).

. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).

. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).

. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).

. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).

. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).

. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).

. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).

. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).

. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).

. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).

True Church / Bride of Christ Spared from God’s Wrath:

 Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”

Romans 12:19Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.

1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.

1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,

Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?

Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.

Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.

Categories: Economic Collapse

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