Land of Leather goes under

[Doggy Styles]

Yes, and Gordon should take his share of the blame, call an election and f**k off. But that doesn't exonerate the bankers; just because nobody's supervising you isn't an excuse.

Quite true. But Ronaldo only dives because he gets away with it, and now everybody does it to compete on an equal footing.

I'm just glad this has all happened on Brown's watch, so the tail can be firmly pinned on the donkey.

[DaveB]

True. It was still rubbish product though. I remember breaking up an old sofa from one of those places and it was basically just a frame of nailed together 2x1, some foam and a bit of cloth over the top. Maybe that's what all furniture is thoúgh, I dunno.

Thats pretty much it for modern furniture. Quality stuff uses better construction, proper joints not just nailed or screwed together, and higher quality foam and coverings but otherwise the principle is the same.

[Chugnut]

I hope DFS goes next.

Then we'll be spared their ridiculous BIGGEST EVER SALE! adverts every national holiday. Right up there with Cillit Bang.

[dang65]

Presumably brought about not just because people don't have the money to spend but because, like most of these furniture chains - DFS et al - they rely on being able to offer cheap or free credit to their customers to make the sales.

True. It was still rubbish product though. I remember breaking up an old sofa from one of those places and it was basically just a frame of nailed together 2x1, some foam and a bit of cloth over the top. Maybe that's what all furniture is thoúgh, I dunno.

[ChimpMaster]

I need a new leather sofa set, now might be the time to get one. A 50" plasma on the wall would also do nicely thank you very much.

[Mich the Tester]

Gordon was supposed to be watching the banks, as the BoE had done for generations before Gordon took control in 2001.

Instead he let them get on with it. It made his growth figures look good.

Yes, and Gordon should take his share of the blame, call an election and f**k off. But that doesn't exonerate the bankers; just because nobody's supervising you isn't an excuse.

[Doggy Styles]

Well, to some extent it’s about bankers who invented financial instruments which lose gazillions of dollars if one or two people fail to make their mortgage payments, but I’m happy to blame the Gordon, Tony and George show, and I suppose the credit-default-obligation-swappy-derivativey-thingummyjigs fit into your category of ‘over-reliance on fraudsters in the City’.

Gordon was supposed to be watching the banks, as the BoE had done for generations before Gordon took control in 2001.

Instead he let them get on with it. It made his growth figures look good.

[DaveB]

Presumable bought about not just becasue people dont have the money to spend but because, like most of these furniture chains - DFS et al - they rely on being able to offer cheap or free credit to their customers to make the sales.

[bogeyman]

This is just a roll-call of rubbish companies so far isn't it? Woolworths, Zavvi, Findus, World Of Leather, Miller Brothers, Adams, MFI. It's a real shame about lost jobs and that, but really... I don't suppose these places will be mourned by many people.

Land of Leather - not the whole blooming World of Leather. Just a minor continent of it.

[Mich the Tester]

That's another 850 people now dependent on Gordon's handouts then.

Of course this is nothing to do with Tony and Gordon building an economy on pure debt, high business taxation, wasteful public spending, failure to invest and over-reliance on fraudsters in the City.

No, it's due to sub-prime in the USA.

Well, to some extent it’s about bankers who invented financial instruments which lose gazillions of dollars if one or two people fail to make their mortgage payments, but I’m happy to blame the Gordon, Tony and George show, and I suppose the credit-default-obligation-swappy-derivativey-thingummyjigs fit into your category of ‘over-reliance on fraudsters in the City’.

[DimPrawn]

This is just a roll-call of rubbish companies so far isn't it? Woolworths, Zavvi, Findus, World Of Leather, Miller Brothers, Adams, MFI. It's a real shame about lost jobs and that, but really... I don't suppose these places will be mourned by many people.

Except those that worked there. Probably all Labour voters anyways.

I hope they enjoy not living in poverty (Gordon eradicated poverty in the UK).

[dang65]

This is just a roll-call of rubbish companies so far isn't it? Woolworths, Zavvi, Findus, World Of Leather, Miller Brothers, Adams, MFI. It's a real shame about lost jobs and that, but really... I don't suppose these places will be mourned by many people.

[DimPrawn]

That's another 850 people now dependent on Gordon's handouts then.

Of course this is nothing to do with Tony and Gordon building an economy on pure debt, high business taxation, wasteful public spending, failure to invest and over-reliance on fraudsters in the City.

No, it's due to sub-prime in the USA.

[DaveB]

Another one bites the dust