Where did I suggest running a business on an overdraft is representative of a poorly run business?

In every sector there are businesses that corrupt the equilibrium of the that market, pre-packs are a classic example. These firms go bust but phoenix with the same owners but no debt as a result their overheads are artificially understated and that is reflected in the prices they offer. This affects the whole market and everyone who has run their business correctly suffers. Fortunately the failure rate for pre-packs is very high but whilst they are operating the cause significant issues.

Pre-packs make up a tiny percentage of companies operating in the UK and those specifically set up in order to gain markets with the intention of folding and setting up again are a fraction of that figure. Much of the banks' capital is tied up in lending to "zombie" companies. They are borrowing to keep afloat, treading water, waiting for an upturn but at the same time keeping people in jobs. So despite not assisting in growing the economy, they are at least assisting in keeping their employees spending.

There have been calls for the banks to foreclose on the loans to "zombies" and use the released capital to assist companies with potentialfor growth. The problem with that, as the banks know only too well, is that they'd probaby only realise 10% of the capital loaned, so that drastically reduces the pot of money available to other companies.

It would also adversely affect their balance sheet and their own cost of borrowing too!!

I always found them helpful.

Someone somewhere was suggesting that there's no place for such a company in "the digital world", but I cannot fathom anyone wanting to buy something such as a piece of camera kit online. I much prefer to have the chance to discuss a major purchase with someone, look at it, even test it out.

problem is, people did just that, and then bought online because they could get it cheaper, even from Jessops themselves, I saw a lens online for about £700, found a shop near where I was working and the tag price was nearer £1000, so I went home, and duly ordered it from a completely differene supplier.

Jessops invested a substantial amount in print technology just as the market all but collapsed, and again, there were cheaper alternatives available.

Labour have been very specific about what they wou.... oh, hang on.

Just because people criticise this government doesn't mean they agree with all or anything Labour do.

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