Monday, 26 January 2009

It's The Stupid Economy

From the 'no sh*t Shirlock' economic foundation came confirmation last week that we officially in recession.

A quick stroll along Central Road will tell you more in 10 minutes than Robert Peston could depress you with over the course of a whole hour. The estate agents were the first casualties, but few shed tears for them as they left behind empty shop units galore.

Then Silks shut its doors at the start of this year, beaten by the economic downturn which is driving us away from restaurants and back into our own kitchens.

There will, I am sure, be more casualties to come. Of course boom and bust are all cyclical and I know that before too long we will be lauding the green shoots of economic recovery. Yet many of the Worcester Park businesses under threat of extinction are 'one-off's' remain open more by virtue of inertia than their good business models.

All of which means that the type of businesses that may disappear over the course of 2009 will likely never return to Worcester Park.

The only certainty in this whole sorry situation is that Central Road will be a very different place by the end of this year.