26-27 January 2019 – the weekend’s press release

Cable: Tesco job losses show deep problems within retail sector

Responding to reports that Tesco food counter closures and scale-backs could threaten up to 15,000 UK jobs, Leader of the Liberal Democrats and former Business Secretary Vince Cable said:

Job losses on this scale are very serious.

There are clearly deep problems within the retail sector, town centres have been declining for years but now out of town stores are struggling too. Perhaps British shoppers have stopped spending and we are on the verge of a serious downturn.

Confidence in the economy is low and the government must provide some stability and security to individuals and businesses in the UK.

Read more by or more about , or .
This entry was posted in News.
Advert

4 Comments

  • William Fowler 28th Jan '19 - 8:37am

    More likely to be the high cost of staff (ever increasing minimum wage is brilliant for the low paid but only if they can find an actual job) combined with clever shopping from the consumer that stops any meaningful price rises (product size reduction instead in many things) on the ever increasing cost of imports due to ruined Sterling.

    Many shops I use have switched to auto-tellers… incidentally, these are not foolproof and I have had money disappear into them and been short-changed, almost as if they are plugged into the company’s mainframe and having an electronic heart attack when monetary targets aren’t met. You can sort of see a future where AI decides it is in the interest of the company to fiddle the customers to keep the company and machines running!

    Of course, I am sure Tesco will dock top pay as well as cutting low paid staff just to be fair.

  • Peter Martin 28th Jan '19 - 10:15am

    ” Perhaps British shoppers have stopped spending and we are on the verge of a serious downturn.”

    Perhaps we are. No doubt you’d like to say it was all down to Brexit. But has Brexit caused German Industrial Production to fall by 2% ?

    https://www.businessinsider.com.au/europe-austerity-is-decision-to-go-into-recession-2019-1

  • David Evershed 29th Jan '19 - 12:55am

    As consumer needs change and new competitors enter the market so the distributors change their offer.

    There’s nothing new about the retail changes.

    Remember Woolworth’s.

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?

Advert



Recent Comments

  • User AvatarColin Keppel 15th Jul - 11:27pm
    "...the problem lies in the fact that we are a deeply centralised country, probably the most centralised in Western Europe." Besides its other adverse effects,...
  • User AvatarMichael Kilpatrick 15th Jul - 10:59pm
    I'm baffled by Ian's comments: "As was demonstrated with painful regularity during the coalition, LibDems are very good on the detail of policy but poor...
  • User AvatarMichael BG 15th Jul - 10:35pm
    Joseph, I think you have failed in the past by omission to make it clear that the Coalition government had the wrong economic policy when...
  • User AvatarRob Cannon 15th Jul - 10:28pm
    "In my view this needs to be simplified, we need regional authorities across England with the same powers, and with, in my view County sized...
  • User AvatarAndrew McCaig 15th Jul - 10:03pm
    My father was a lifelong Liberal, a physicist, and a convert from Methodism to Humanism as a young adult. He was a strong believer in...
  • User AvatarChristian 15th Jul - 9:34pm
    I’ve come to the conclusion that on issues like this and abortion we must let our politicians speak from the heart and not put pressure...