Martin Vander Weyer Martin Vander Weyer

The one thing Netflix could do to keep me subscribing

[iStock] 
issue 30 April 2022

Anecdotes and statistics should never be confused, but let’s do just that to build a composite picture of today’s UK economy. As the ‘cost of living crisis’ – barely out of its starting blocks – began to eat spending power and erode confidence, high street sales fell 1.4 per cent in March while non-store retail (largely online) dropped 7.9 per cent. Office occupancy, blighted by working from home, is stuck below 30 per cent of capacity. The City of London is a ghost town on Mondays and Fridays, while West End footfall remains a fifth below 2019 levels. But in case you’re planning a resumed commute or an in-town shopping binge any time soon, be aware that rail workers are threatening ‘the biggest rail strike in modern history’. In the unlikely case that you’re launching a new export venture to Europe, don’t even think of booking a P&O ferry. And if you’ve run short of cooking oil, remember it’s rationed in all major supermarkets.

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