Retail bloodbath continues...

Yesterday Jane Norman, today TJ Hughes, and Thornton's shutting 120 stores...retail bloodbath continues... tweets Allister Heath of City AM. We should now be very worried at the lack of demand management in the economy by the Coalition. Retailers provide an advanced warning of problems coming down the line and this blog has consistently called for more demand and greater growth in the economy, preferably through raising the tax threashold to £10,000 - something which should have been done at the time of the last Budget in April - with the ultimate aim of achieving parity, through legally syncing the two in statute, with the level of the minimum wage - aroung £11,400.