The slow motion crash on the High Street - and what Buffett learnt from his bet
Toys R Us and Maplin were sunk this week, investors are nervously watching Carpetright and Mothercare, and restaurants from Jamie Oliver’s, to Byron, and now Prezzo are closing their doors.
This week’s shop closures could see more than 5,000 jobs lost.
It looks like a slow motion crash on the High Street.
But at the same time the economy is doing okay, and sales in the housing market are reasonably buoyant, so why the trouble?
In this week’s podcast, Simon Lambert, Georgie Frost and Rachel Rickard Straus take a look at Britain’s high street woes and whether it is company debt, consumer confidence, overexpansion gone wrong, or a failure to keep up with the times that is sinking well-known names.
Also on the show, we take a look at what Warren Buffett learnt from his ten–year tracker fund bet – and the twist in the tale of how he won it.
Plus, how the value of your old £10 note changed through its lifetime and the things most likely to go wrong on a new car.