Friday 7 August 2020

BUSINESS WATCH


Business Watch by Eddie Walsh
So how has the retail scene changed recently?  The Natural Health store, 13 High Street has closed for good.  That was the shop with posters obscuring the windows.  Welch The Florist which has traded on Market Place for many years has transferred its business to its Stapleford branch.  The freehold of the premises is up for auction on 13th August.  
The biggest change locally was the opening of The Company Shop at Chapel Street on the old Focus site.  It is run on a membership basis. See www.companyshopgroup.co.uk.  It has a wide range of discounted groceries but check the use by dates.  80 pence for 4 pints of milk seemed cheap but  it had a use by date for the next day.  A six pack of Jack's Crisps for 50p had a 16 day use by date and crisps normally are dated up to 3 months ahead.  And, alas, just like Aldi, Asda and Tesco they allow kids to sit within trolleys.
This pathetic little government is going ahead with HS2 at a time when the cash could be better used co cope with the virus crisis.  And the 500 million earmarked for a tenner off a meal could have paid for free hospital parking for NHS staff for two years.
When Rowlands in Midland Street closed a few months ago customers who had not chosen another pharmacy were transferred to the nearby Boots.  This had the advantage of late opening and a window to collect scripts from.  However, the queue system was not adhered to by the Methadone clients who regularly went straight to the window saying they did not want to queue for 30 minutes if their order was not ready.  For an easier life, staff tolerated this.  I moved to another pharmacy after witnessing constant queue jumping.
The annual ISA allowance of £20,000 is certainly very generous and, of course, only useful to those who are already well paid.  The chancellor could well cut that in his review of Capital Gains Tax.  The current CGT is £12,300 up by £300 from last year.  This is reasonably generous too and could be tapered back.  CGT applies to the amount of profit you can make from selling an asset before any tax is payable.  Or he may impose a wealth tax but that would not snare the billionaires as their wealth can easily be moved abroad.
Finally, does anyone know of a premises with a good dance floor which is available on a Thursday Night or a weekend afternoon?
Email your business news to edwardjohnwalsh@hotmail.com  

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