Any why are they laying people off? because no one is buying their products. No ones eating out, no ones buying sandwiches, butties etc. Are you now so devoid of non essential shopping you'll never have a treat, be it a new top from Birds, have a walk around the market and decide to get a coffee or a pint in town? Never going to take the missus out on a date or a weekend away? The list isnt exhaustive and I understand the fact that people no longer want to go and spend for what ever reason. But if you are working 40 hours a week regardless of if you are making coffee at Costa or you are a CEO of the local Council, whats the point of working if you dont treat yourself or your family, save up for that big holiday, car, tattoo, that hangbag youve always wanted, go out on a Sunday to the local pub for lunch out etc..
That "Big" holiday could well be entirely outside the UK economy - buy direct with the airline, hotel, etc and you might not put anything else except travel to the airport and parking to the UK economy.
you are right about demand causing reduction in supply. What we need is a govt that is forward thinking and invests in new jobs and new technologies rather than clinging to the old ones which were dying way before Covid. Many of the jobs they are trying to protect will be mechanised within 10 years anyway. yeah of course i will do those things but they have moved from a regular part of my life to a non regular. Sarnies etc I used to be lazy and buy them. Definitely not now. Many of the chains I have always avoided due to their tax avoidance and that list grows bigger by the day. Clothes? Yes probably I will occasionally. Other things I purchase will be from small shops rather than bigger ones. Independent bookshops and small record shops. That’s pretty much unchanged. nights out and meals yes of course but much less. Looking at my finances I was probably spending 600-700 quid a month on going out. I haven’t really missed it at all and can’t see me going to that. Maybe reduced to 50-100 quid. Again you are right about working to afford ‘treats’ that won’t change but the nature of those treats will change. If we become less materialistic and more focused on people rather than things that’ll be no bad thing.
Rishi would like us to eat out Monday to Wednesday and will give us a Tastecard style tenner deal to do so, but we can't buy booze. Bit of a damp squid all that after rumours of £500 to help the high street.
One positive maybe that people wary of travelling internationally now spend the money within the U.K. on domestic holidays. It struck me during lockdown that I’m pretty well travelled and have lived and worked abroad but there are vast swathes of the U.K. and particularly NI and Scotland I haven’t visited. My next trips will be to one of those rather than where it might have been pre Covid.