Woolworths and MFI go into administration
MFI might once have been the Ratners of home furnishings, but no matter how much they may have improved, the moment people stop buying and selling houses, they cease wanting new bathrooms and kitchens. And so the ‘credit crunch’ bites. MFI has 110 stores nationwide, and employs around 1000 people.
So another 31,000 people face the harsh reality and utter hopelessness of unemployment; a Christmas of insecurity, worry and woe.
Thank you, Prime Minister. Thank you, Chancellor. You are doing quite a remarkable job of running the economy.
Right into the ground.
But could you please explain to His Grace why incompetent, inefficient banks are worth bailing out, but there are no plans afoot to nationalise Woolworths?
Why is the preservation of pick’n’mix not worth a few paltry millions of taxpayers’ money, when the banks have had hundreds of billions?
Why are the jobs of hundreds of banking executives worth preserving, despite their shoddy business plans, while thousands of humble shop-workers are forced to pay the price for Labour’s economic incompetence?
What is this Socialism that bails out the very wealthy and powerful financial institutions, but leaves the weak retailers to die?
What is this Socialism that sides with the might of Mammon while the poor face penury?
What is this Socialism that feeds the banking fat cats on lean and expensive meat, but leaves the workers to the dog-eat-dog world of the market?
Did Gordon Brown claim to have a moral compass?
It must be broken.
Perhaps Cranmer will buy him a new one for Christmas.
They are bound to be available in some closing-down sale somewhere. Or at least 2.5 per cent cheaper because of the reduction in VAT.